明汯人气跃居首位！幻方重磅消息引关注！但斌、李蓓发声！11月私募人气榜揭晓

Core Viewpoint - In November 2025, A-shares experienced a collective pullback across the three major indices, with the Shanghai Composite Index hitting a ten-year high before declining, ending the month down 1.67%, thus breaking a six-month winning streak. The ChiNext Index and Shenzhen Component Index also fell by 4.23% and 2.95%, respectively. Sectors such as Hainan Free Trade Port, New Energy, and Commercial Aerospace showed localized market activity [2]. Fund Performance - The average return for subjective products faced a pullback, while some quantitative products saw a recovery in excess returns. CTA strategy products performed well and attracted significant investor attention [3]. - The total number of products in various strategies includes 5522, with an overall average return of 27.98% and an average excess return of 12.70% [3]. Popular Private Equity Firms - Among the top 20 popular private equity firms, 14 are quantitative, while 3 are subjective, and 2 are mixed (subjective + quantitative). Firms with over 10 billion in assets account for 80% of the total [4]. - The top five firms by popularity are Mingcong Investment, Ningbo Huansheng Quantitative, Ridao Investment, Guoyuan Xinda, and Jiukun Investment. Mingcong Investment saw a rise in popularity from 5th to 1st place compared to October [5][6]. Popular Fund Managers - The top five popular fund managers are Dan Bin, Wu Yuefeng, Lin Yuan, Li Bei, and Liang Hong, with subjective managers dominating the list. Nine of the top fund managers are from firms with over 10 billion in assets [10]. - Dan Bin's firm, Dongfang Gangwan, has 69 products with an average return of ***% this year [13]. Li Bei's products include "Banxia Balanced Macro Hedge" and "Banxia Macro Hedge Phase III," with returns of ***% [13]. Popular Private Equity Products - The top five popular funds are from Mingcong Investment, Hainan Shengfeng Private Equity, Ningbo Huansheng Quantitative, and Jiuzhang Asset. The top five funds by performance this year are from Longhui Xiang Investment, Guanglong (Shenzhen) Investment, Luyuan Private Equity, Longqi Technology, and Mingcong Investment [15][16].