新晋百亿私募！独特的指增策略：预测周期长，日内做T积累超额

Core Viewpoint - The article highlights the rapid growth and performance of Zhengying Asset, a private equity firm that has successfully surpassed 10 billion in management scale by leveraging a combination of subjective and quantitative investment strategies, particularly in the T0 trading space [2][4][5]. Group 1: Company Growth and Performance - Zhengying Asset's management scale increased from 20-50 billion at the end of 2024 to over 100 billion by September 2025 [2]. - The product "Zhengying Qiji Index Enhanced No. 1" has achieved significant returns, ranking among the top ten in excess return rates for quantitative private equity firms [2]. - The firm has seen its stock T0 strategy grow from zero to 8 billion in just four years, with current product lines in stock neutral T0 and index enhancement T0 strategies each around 4 billion [5][7]. Group 2: Investment Strategy and Technology - Zhengying Asset employs a combination of subjective and quantitative strategies, focusing on market insights and risk management [4]. - The firm has invested heavily in technology, particularly in financial technology and artificial intelligence, to enhance its trading capabilities [4][5]. - The high-frequency trading team consists of members from prestigious universities and has extensive experience in quantitative trading, contributing to the firm's rapid rise in the stock high-frequency domain [5]. Group 3: Risk Management - The company prioritizes risk control, implementing a comprehensive risk management framework that includes preemptive measures, real-time monitoring, and post-analysis of strategies [13][14][15][16]. - The risk management process involves thorough research and analysis of market conditions, industry trends, and company fundamentals to ensure the feasibility of investment strategies [14]. - The firm maintains a robust monitoring system for real-time tracking of positions and performance, ensuring timely responses to market changes [15]. Group 4: Unique Product Offerings - Zhengying Asset's index enhancement products have shown strong performance, with the "Zhengying Qiji Index Enhanced No. 17" achieving notable excess returns since its inception [17][19]. - The firm's strategy focuses on full replication of index constituents for daily trading to achieve excess returns, demonstrating a stable historical performance compared to peers [20]. - The trading frequency of the index enhancement products is high, with an average annual turnover rate of 200-300 times, aiming for short-term gains through intra-day trading [23].