百亿私募大佬排名大洗牌，陆航逆袭夺冠！基金经理上半年收益10强出炉！

Core Viewpoint - The overall performance of private fund managers in the first half of 2025 has been strong, with an average return of approximately 10.56%, significantly outperforming major indices like the Shanghai Composite Index and Shenzhen Component Index [2][3]. Group 1: Performance Overview - As of June 2025, there are 513 private fund managers with three or more products showing performance, with stock strategy managers accounting for 319 of them [2]. - The average return for fund managers from private funds with a scale of 10-20 billion is leading, followed by those from funds over 100 billion [2]. - A total of 73 fund managers achieved returns above ***% in the first half of the year [2]. Group 2: Top Performers by Scale - In the over 100 billion scale group, the top fund manager is Lu Hang from Fusheng Asset, with an average return of approximately ***% [4][5]. - The top 10 fund managers in the over 100 billion scale group primarily employ stock strategies, with a notable presence of quantitative fund managers [5][4]. - The champion in the 50-100 billion scale group is Tong Xun from Tong Xun Investment, with an average return exceeding ***% [12][16]. Group 3: Notable Fund Managers - Lu Hang, with 20 years of experience, focuses on growth stocks and has recently highlighted opportunities in new technology and consumption sectors [10][9]. - Yin Tao from Stable Investment, a quantitative fund manager, has also shown strong performance with an average return of approximately ***% [10][11]. - Wang Chen from Jiukun Investment, another quantitative fund manager, ranks 9th with an average return of approximately ***% [11]. Group 4: Performance by Fund Size - In the 20-50 billion scale group, the top fund managers include Shi En from Yunqi Quantitative and He Xiao from Orange Capital, both showing strong returns [17][21]. - The top fund manager in the 10-20 billion scale group is Sun Jie from Nengjing Investment, with an average return exceeding ***% [22][26]. - In the 5-10 billion scale group, Chen Long from Youbo Capital leads with an average return of approximately ***% [27][31]. Group 5: Performance in Smaller Funds - Among funds below 5 billion, all top 10 fund managers are from subjective private funds, with Liu Xianglong from Fuyuan Capital leading [32][35].