量化私募最新业绩出炉！幻方连续3月排名稳居前2！天算、海南盛丰等表现突出！

Core Insights - The private equity industry has returned to the "double hundred era," with 113 billion-yuan private equity firms as of the end of November, including 55 quantitative private equity firms, indicating a significant increase in the popularity of quantitative investment [2][3] - The performance of quantitative private equity has gained recognition from most investors, with a total of 852 existing quantitative private equity firms [2] Group 1: Billion-Yuan Private Equity Landscape - As of November 2025, there are 55 billion-yuan quantitative private equity firms, with 14 firms breaking the 100 billion mark this year, a new high since 2022 [3][4] - The average time taken for these firms to reach the billion-yuan scale is approximately 7 years, with the fastest being Yanfu Investment at only 1.2 years [3][4] - The majority of billion-yuan quantitative private equity firms focus on stock strategies, with 47 firms, followed by multi-asset strategies with 6 firms [4] Group 2: Performance Rankings - The top three performing billion-yuan quantitative private equity firms this year are Lingjun Investment, Ningbo Huansheng Quantitative, and Wenbo Investment, with the threshold for the top 10 performance being ***% [7][11] - Lingjun Investment has consistently ranked high for three consecutive months, with an average return of ***% across its products [9][11] - The performance of quantitative private equity firms has been bolstered by the increasing trend of firms obtaining Hong Kong's Type 9 license for global investment and risk diversification, with 22 billion-yuan quantitative private equity firms currently holding this license [4] Group 3: Mid-Sized Private Equity Firms - In the 50-100 billion category, the top three firms are Yunqi Quantitative, Qianshu Investment, and Hainan Shengfeng Private Equity, with the performance threshold for the top 10 being over ***% [11][12] - Yunqi Quantitative, established in February 2021, has rapidly grown from a management scale of 10-20 billion to 50-100 billion this year [12] Group 4: Smaller Private Equity Firms - In the 20-50 billion category, the top three firms are Hanrong Investment, Xiangmu Asset, and Yinhhe Investment, with the performance threshold for the top 10 being over ***% [15] - The 10-20 billion category has seen a decrease in stock strategy firms, with multi-asset and futures strategies becoming more prominent [20][21] - In the 5-10 billion category, the top three firms are Huacheng Private Equity, Shanghai Zijie Private Equity, and Zhenzhen Investment, with performance thresholds exceeding ***% [22][25] Group 5: Emerging Firms - In the 0-5 billion category, the top three firms are Jingying Zhito, Jinwang Investment, and Quancheng Fund, with Jingying Zhito achieving significant returns [26][29] - Jingying Zhito, established in 2021, focuses on futures and derivatives strategies and is led by a team with extensive quantitative investment experience [29]