“长跑者”天演：量化投资的奥秘是始终“在路上”

Core Insights - The number of private equity firms with over 10 billion yuan reached a record high of 122 in January 2026, with several firms achieving historical highs in product performance during the same month [1] - Tianyan Capital, a well-established quantitative private equity firm, emphasizes a long-term investment philosophy, which is reflected in both their investment strategies and team culture [1][2] Group 1: Investment Philosophy - Tianyan Capital's founders, Xie Xiaoyang and Zhang Sen, advocate for a long-term approach in both investment and lifestyle, which is evident in their team's participation in running events [1][2] - The firm has a product that achieved a cumulative net value of 12 yuan, a rare accomplishment in the private equity industry, showcasing their commitment to long-term performance [1][11] Group 2: Team Culture and Values - The company promotes a culture of teamwork and work-life balance, encouraging employees to engage in sports and maintain a healthy lifestyle [6][7] - Tianyan Capital organizes various activities, such as corporate running competitions and training camps, to foster a strong community among employees [7] Group 3: Founding and Growth - Tianyan Capital was founded in 2014 by Xie Xiaoyang and Zhang Sen, who identified profitable trading opportunities through rigorous mathematical analysis [9][10] - The firm has experienced significant growth since its inception, achieving impressive returns through a combination of quantitative strategies and a focus on long-term investments [12][13] Group 4: Investment Strategy - The firm emphasizes a data-driven and systematic approach to investment, avoiding subjective influences and focusing on long-term alpha generation [13][14] - Tianyan Capital integrates various modeling techniques, including linear models and advanced machine learning, to adapt to diverse market conditions [13][14]