量化多头私募公司榜出炉！鸣石、平方和、蒙玺位居前3！

Core Viewpoint - The A-share market has shown a strong upward trend in 2023, with significant internal style differentiation, particularly between small and large-cap stocks, leading to varying performances among quantitative long strategies [2][3]. Group 1: Market Performance - As of the end of October 2023, the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index have increased by approximately 17.99%, 28.46%, and 48.84% respectively [2]. - In the first half of the year, small-cap stocks outperformed large-cap stocks, but a style switch occurred in late August, with the CSI 300 Index outperforming small-cap stocks in August and September [2]. Group 2: Quantitative Long Strategy Performance - Quantitative long strategy products faced negative excess returns in the months of August and September, marking the worst monthly performance of the year [2]. - However, since October, the excess returns of quantitative long strategies have begun to recover as institutional investors loosened their collective positions [2]. Group 3: Top Performing Private Equity Firms - For firms with over 10 billion in assets, the top three in terms of average excess returns for quantitative long products are Ming Shi Fund, Ping Fang He Investment, and Meng Xi Investment [3][4]. - Ming Shi Fund leads with four qualifying quantitative long products and a total product scale of approximately 5.62 billion, achieving an average excess return of ***% [4]. - Ping Fang He Investment and Meng Xi Investment follow, with their best-performing products achieving excess returns of ***% [5]. Group 4: Mid-Sized Private Equity Firms - In the 50-100 billion category, Bei Yang Quantitative topped the list with five qualifying products and an average excess return of ***% [7][8]. - The firm is noted for its AI-driven quantitative investment approach, led by a team with significant academic credentials [8][9]. Group 5: Smaller Private Equity Firms - In the 20-50 billion category, Han Rong Investment and Lu Xiu Investment ranked first and second, respectively, with average excess returns of ***% [10][11]. - Han Rong Investment focuses on short-cycle price-volume predictions, while Lu Xiu Investment employs a strategy of diversified holdings to achieve stable excess returns [11][12]. Group 6: Smallest Private Equity Firms - In the 0-20 billion category, Shanghai Zi Jie Private Equity ranked fourth, with three qualifying products and an average excess return of ***% [13][15]. - The firm primarily focuses on small-cap strategies, particularly targeting stocks that have experienced significant declines [15].