和时间赛跑，来一场穿越周期的投资旅行——打卡华尔街和国资基因的全天候增强私募基金管理人思达星汇

Core Viewpoint - The article emphasizes the significance of small to medium-sized private fund managers in the industry, highlighting the innovative strategies and risk management systems of Shanghai Sidaxinghui Private Fund Management Co., Ltd. [3] Company Overview - Shanghai Sidaxinghui Private Fund Management Co., Ltd. is a securities private fund company supported by the Shanghai State-owned Assets Supervision and Administration Commission and the China Chief Economist Forum [4] - The company is led by a team of experienced professionals, including Dr. Pang Yang, who has a PhD in Physics from Columbia University and extensive experience in quantitative modeling, and Ms. Cao Qingqing, who has a PhD in Computer Science from Shanghai Jiao Tong University [4][9] - The firm focuses on a classic all-weather strategy and has developed a unique Quantimental fundamental quantitative enhancement system [4] Core Team - The core team is composed of graduates from prestigious universities and aims to achieve long-term absolute return investment value for investors [9] Strategy Overview - The investment philosophy of Sidaxinghui is centered on "crossing cycles, steady and far-reaching," utilizing a quantitative all-weather enhancement strategy [13] - The firm emphasizes a deep understanding of cycles and systematic risk management in its investment approach [13] Core Strategies and Representative Products - The quantitative all-weather enhancement system has been refined since its launch in early 2019, achieving significant returns across different economic phases [17] - The company has launched a series of products, including "Tianji No. 1," which has shown impressive cumulative returns while maintaining strict risk controls [17] - The firm also offers auxiliary strategies that reflect its absolute return philosophy and showcase its multi-dimensional investment capabilities [18] Investment Framework - The investment framework combines Beta and Alpha, with Beta contributing approximately 70% and Alpha about 30% to the risk-return profile [22][23] Advantages - The team possesses a global perspective and local insights, combining international macro allocation with practical experience in the Chinese market [30] - The all-weather enhancement strategy integrates macro, fundamental, volume, and risk factors, achieving a dual-driven structure of risk parity and excess returns [31] - The firm has established a robust compliance and operational system backed by state-owned shareholders and leading custodians [33] - A long-termism and compounding culture is emphasized, focusing on providing investors with a stable investment experience [34] Continuous Evolution Capability - Sidaxinghui recognizes that long-term competitiveness comes from a systematic ability to evolve and adapt to market changes [35] - The company has implemented a data-driven closed-loop system for research, strategy, risk control, and execution [37] - Future plans include expanding global multi-asset layouts and exploring AI-driven asset pricing models [39]