全成基金：以量化选股为基，用宏观模型赋能 | 打卡100 家小而美私募

Core Viewpoint - The article highlights the emergence of small and specialized private equity firms, focusing on "Quan Cheng Fund" as a representative example of a successful small private equity manager in the market [3][4]. Company Overview - Quan Cheng Fund Management (Hainan) Co., Ltd. was established in June 2021, focusing on secondary market investments with a management scale of over 300 million [5][6]. - The firm operates in Shanghai and Hangzhou, leveraging a banking background for systematic management and effective inter-departmental collaboration [4][5]. Performance Metrics - As of July 2025, Quan Cheng Fund's products achieved an average return of ***%, ranking first among quantitative private equity firms with a scale of 0-500 million [4]. - The "Quan Cheng Yang Tao Quantitative" product recorded a return of ***% and a Sharpe ratio of ***%, placing it in the top three for Sharpe ratio among similar-sized funds [4]. Investment Philosophy - The company specializes in quantitative strategies, having developed various products since its inception, including index enhancement and market-neutral strategies [12][17]. - The investment approach combines technical and fundamental multi-factor stock selection models, focusing on macroeconomic indicators and liquidity metrics to adapt to market conditions [16][20]. Team Expertise - The core team comprises graduates from prestigious universities such as Zhejiang University and Imperial College London, with extensive experience in the private equity sector [8][19]. - The investment research team has a collective experience of over ten years in the industry, enhancing the firm's analytical capabilities [19]. Strategic Advantages - The firm aims for long-term sustainable returns by integrating quantitative stock selection with a macro strategy framework, adapting to market changes [17]. - Quan Cheng Fund is committed to becoming a "century-old store" in the private equity space, focusing on value creation for investors [18]. Future Development Plans - The company plans to increase investments in high-frequency trading strategies and enhance its technological infrastructure, including the acquisition of level 2 data and server upgrades [20].