10月私募备案韧性十足：量化产品占比超四成，百亿量化私募成备案先锋

Core Viewpoint - The private equity product registration in October demonstrated strong resilience, with a year-on-year increase of 205.85%, indicating a continued hot trend in the market [2][3]. Group 1: Private Equity Product Registration - In October, 994 private equity securities products were registered, showing a slight month-on-month decrease of 4.24% from September's 1,038 products, but a significant year-on-year increase from 325 products in October of the previous year [2]. - The increase in registration is attributed to multiple factors, including the Shanghai Composite Index surpassing 4,000 points, strong performance of private equity products, and active marketing efforts by third-party sales institutions [3]. Group 2: Strategy Distribution - Stock strategies remained the dominant category, with 679 products registered, accounting for 68.31% of the total, reflecting strong investor demand for equity assets [4]. - Multi-asset strategies emerged as a notable trend, with 122 products registered, representing 12.27% of the total, indicating a diversification in strategy to manage market volatility [7]. - Futures and derivatives strategies accounted for 84 products, or 8.45%, showing continued interest in derivative tools among private equity institutions [7]. Group 3: Quantitative Products - Quantitative products showed a remarkable performance, with 432 products registered, making up 43.46% of the total private equity products, highlighting their growing popularity among investors [8]. - Among the quantitative products, stock strategy quant products dominated with 333 registrations, representing 77.08%, particularly benefiting from favorable market conditions [10]. Group 4: Scale of Private Equity Institutions - A total of 622 private equity institutions contributed to the 994 registered products, with small-scale institutions (0-5 billion) accounting for 35.92% of the total, while large-scale institutions (over 100 billion) registered 272 products, or 27.36% [11]. - The average registration per large-scale institution was approximately 4.6 products, significantly higher than smaller institutions, indicating a stronger product issuance capability [11]. Group 5: Leading Private Equity Firms - The top private equity firm, Maoyuan Quantitative, registered 23 products, all of which were stock quantitative long strategies, aligning with current market demands [13]. - Other notable firms included Shiji Qianyan with 21 products and Mingfa Investment with 14 products, reflecting a competitive landscape among leading quantitative private equity firms [13].