【寻访金长江之十年十人】 茂源量化郭学文：国内量化“卷”出世界水平，未来将涌现万亿规模机构

Core Viewpoint - The article highlights the evolution and future potential of the quantitative investment industry in China, emphasizing the importance of continuous innovation and adaptation in a competitive market environment [2][5][23]. Group 1: Company Overview - Maoyuan Quantitative was founded in 2013 and has grown to manage over 20 billion yuan in assets, with a focus on technology and organizational management to achieve scale effects [7][13]. - The company emphasizes a strong technical team and efficient collaboration, aiming for a 1:1 ratio of technical personnel to research staff to enhance productivity [21][30]. Group 2: Industry Insights - The concept of "signal extinction" is discussed, indicating that strong signals can become unprofitable as more capital enters the market, necessitating rapid iteration in quantitative research [3][10]. - The article predicts that in the next decade, China will see the emergence of quantitative private equity firms with thousands of employees and trillions in scale, driven by the expansion of low-frequency strategies and new asset classes [4][16]. Group 3: Competitive Landscape - The competitive nature of the market has led to significant technological advancements, with the Chinese quantitative market nearing world-class standards after a decade of evolution from imitation to innovation [5][23]. - The article notes that the industry is experiencing a shift towards multi-asset and low-frequency strategies, which are expected to create new growth opportunities [4][23]. Group 4: Future Outlook - The future of quantitative investment in China is seen as promising, with expectations of developing world-class firms and expanding into international markets [18][19]. - The article emphasizes the need for understanding overseas market rules and building global teams as key challenges for international expansion [24][25].