老中新量化私募谁更赚钱？新锐量化上半年收益更胜一筹！幻方、海南盛丰、量创进入前十

Core Viewpoint - The article discusses the evolution and current landscape of China's quantitative private equity industry, highlighting the performance and characteristics of different generations of quantitative private equity firms as of mid-2025 [2][17]. Group 1: Established Quantitative Private Equity - There are 111 established quantitative private equity firms with management scales over 500 million, with 36 firms (32.43%) managing over 5 billion [2]. - The top-performing established quantitative private equity firms include Stable Investment, Long Flag, and Zhi Xin Rong Ke [2][7]. - The average return for the top 20 established quantitative private equity firms is noted, with specific firms like Jin Wang Investment and Stable Investment leading the performance [4][7]. Group 2: Mid-generation Quantitative Private Equity - There are 108 mid-generation quantitative private equity firms, with 26 classified as top firms managing between 500 million and 5 billion [8]. - The majority of these firms are located in Shanghai, with significant numbers also in Beijing and Shenzhen [8]. - The top-performing mid-generation firms include Liang Chuang Investment and Guangzhou Tian Zhan Han, with their average returns highlighted [8][11]. Group 3: Emerging Quantitative Private Equity - There are 39 emerging quantitative private equity firms, with 5 classified as top firms managing between 500 million and 5 billion [12]. - The average return for the top 10 emerging quantitative private equity firms is higher than that of established and mid-generation firms [12]. - Leading firms in this category include Yun Qi Quantitative and Quan Cheng Fund, with their innovative strategies and performance metrics discussed [14][15].