量化CTA新规实施在即！最新十强揭晓！信弘天禾、会世私募、双隆投资等夺冠！

Core Viewpoint - The article discusses the regulatory developments in quantitative trading in China's securities and futures markets, highlighting the growth and performance of quantitative CTA strategies in the private equity sector amidst market fluctuations [1][3]. Regulatory Developments - The China Securities Regulatory Commission (CSRC) introduced the "Securities Market Algorithmic Trading Management Measures" in 2024, marking the beginning of standardized development for quantitative trading in the stock market [1]. - The new regulations for algorithmic trading in the futures market, which have been in trial since June, will officially take effect on October 9 [1]. Performance of Quantitative CTA Strategies - Quantitative CTA strategies have gained popularity among investors due to their low correlation with stocks and bonds, especially in volatile market conditions [1]. - From 2021 to the end of 2024, quantitative CTA strategies significantly outperformed subjective long and quantitative long strategies during a turbulent market [1]. Year-to-Date Performance Comparison - As of September 19, 2023, the average return for 399 quantitative CTA products was 10.84%, while subjective long strategies averaged 34.59% and quantitative long strategies averaged 37.05% [3]. - Among private equity firms managing over 5 billion, the average return for quantitative CTA products was 7.63%, with 87.10% showing positive returns [3]. Top Performing Quantitative CTA Products - The article lists the top-performing quantitative CTA products for the year, with the leading product managed by 信弘天禾 (Xinhong Tianhe) achieving a return of ***% [4][5]. - Other notable products include those managed by 宏锡基金 (Hongxi Fund) and 洛书投资 (Luoshu Investment), which also performed well [4][5]. Performance in Different Fund Sizes - For private equity firms with assets between 20-50 billion, the average return for quantitative CTA products was 6.42%, with a positive return rate of 93.94% [6]. - In the 10-20 billion category, the average return was 11.04%, with a positive return rate of 97.56% [9]. - For firms managing 5-10 billion, the average return was 7.45%, with 84.21% showing positive returns [11]. - In the smallest category (0-5 billion), the average return was 14.15%, with 83.05% of products achieving positive returns [13]. Conclusion on Market Trends - The article emphasizes the potential for growth in the quantitative trading market in China, suggesting that it is still in a phase of rapid development with significant future opportunities [5].