不疾而速——雪球资管丹书铁券荣获第十届股票策略英华示范案例

Core Viewpoint - The article highlights the recognition of Dan Shu Tie Quan private fund, managed by Xueqiu Asset Management, as a "demonstration case for three-year stock strategy products" in the 10th China Securities Private Equity Yinghua Product Evaluation [1] Group 1: Yinghua Demonstration Case - The Yinghua demonstration case evaluation is organized by China Fund News, involving multi-stage screening based on quantitative indicators such as fund returns, scale, drawdown, and risk-adjusted returns, combined with qualitative assessments of investment strategies, styles, research systems, risk control processes, corporate governance, and reputation management [3] Group 2: Investment Strategy - Dan Shu Tie Quan fund adopts a "value and growth" dual-driven strategy, aiming to navigate market cycles through flexible adjustments in portfolio structure [6][7] - The fund employs a "technology growth + low volatility dividend" barbell strategy, focusing on Hong Kong stocks while also covering A-shares and US stocks to achieve stable returns in varying market conditions [6][7] Group 3: Operational Philosophy - The fund emphasizes dynamic balance and strict adherence to valuation discipline, believing that "risk emerges from price increases, while value emerges from price declines" [8] - The strategy involves decisive portfolio adjustments, selling overvalued assets while holding onto stocks that have appreciated significantly but remain reasonably valued [9] Group 4: Industry Layout - The fund is adept at forward-looking industry layout, capturing opportunities from cyclical turning points, with a diversified portfolio across sectors such as utilities, energy, telecommunications, internet, and pharmaceuticals [10] - This balanced industry approach may limit short-term explosive growth but helps control risks and reduce errors, fostering confidence in achieving long-term compounding returns [10] Group 5: Market Perspective - The fund has a positive outlook on innovative pharmaceuticals, focusing on individual stock selection rather than sector trends, avoiding companies that rely solely on business collaborations or have weak financials, and prioritizing financially sound companies with profit potential in the next two to three years [11] - In a market characterized by speculative behavior, the fund remains committed to fundamental performance, seeking reasonably valued companies amid a structurally divided market [12] Group 6: Company Overview - Xueqiu Asset Management positions itself as a practitioner of cutting-edge asset allocation theories, adhering to values of "thick snow and long slopes, achieving customer success, and strict risk control," aiming to create sustainable investment returns independent of market conditions [14] - Since 2015, the company has surpassed a total management scale of 10 billion, with its core strategies ranking among the top in its category [14] Group 7: Awards and Recognition - The company has received numerous accolades, including the 2025 "Potential Dragon Cup" for outstanding private fund managers and various strategy awards in 2024 and 2025, reflecting its strong performance and industry recognition [16][17]