生不逢时却逆袭！量化天王明汯、衍复、九坤量化产品强势领跑！

Core Viewpoint - The A-share market experienced a significant upward trend in August, with the Shanghai Composite Index surpassing 3800 points, reaching a nearly 10-year high, and daily trading volume exceeding 3 trillion yuan, indicating a robust trading environment [1] Group 1: Market Performance and Fund Analysis - As of August 29, 2025, among the 433 stock long private equity funds established in 2021, 404 funds achieved positive returns, representing 93.3% [1] - In contrast, only 526 out of 1644 equity public funds established in 2021 showed positive returns, resulting in a mere 32% positive return rate, highlighting the stronger performance of private equity funds [1] Group 2: Fund Performance by Size - For private equity funds with over 10 billion yuan in assets, 90 funds were established in 2021, with an average return of ***% [5] - Among the top-performing funds in this category, "Mingxuan Stock Selection Phase 1" managed by Mingxuan Investment achieved outstanding returns since its establishment [7] - In the 5-10 billion yuan category, "Xiangyuan Meihua No. 1 Industry Selection" from Hainan Xiangyuan Private Equity reported the highest returns since its inception [16] Group 3: Notable Fund Managers and Strategies - The top-performing funds are managed by notable firms such as Mingxuan Investment, Yanfeng Investment, and Jiukun Investment, which are recognized as leaders in quantitative private equity management [7][10] - Fund managers like Qiu Huiming and Liang Hong have extensive experience and have developed successful strategies that contributed to their funds' strong performance [7][9]