“量化+主观”双轮驱动的10强私募揭晓！玄元、博普、正瀛、钧富排名居前！

Core Viewpoint - The article discusses the advantages of combining subjective and quantitative investment strategies in the private equity sector, highlighting how this hybrid approach can enhance decision-making and risk management while maximizing returns in a volatile market environment [2]. Summary by Sections Investment Strategies - Subjective investment relies on professional teams conducting in-depth research on macroeconomic trends, industry dynamics, and company fundamentals to identify undervalued opportunities during market fluctuations [2]. - Quantitative investment utilizes big data analysis and algorithmic models to backtest historical data, creating disciplined trading strategies that mitigate emotional biases and enhance risk diversification and return stability [2]. - Many private equity firms adopt a "quantitative + subjective" model, which combines the strengths of both approaches to optimize risk-return profiles and capture structural opportunities during market style shifts [2]. Market Data - As of November 2025, there are 1,266 private equity firms employing the "quantitative + subjective" strategy, surpassing the 852 firms focused solely on quantitative methods [3]. - Among these firms, 121 have demonstrated performance this year, with an average return that outperformed the Shanghai Composite Index and Shenzhen Component Index, which increased by 16.02% and 24.67%, respectively [3]. Performance Rankings - In the category of private equity firms with assets over 50 billion, the top performers include XuanYuan Investment, YinYe Investment, and ZhengYing Asset, with XuanYuan Investment leading the pack [5][7]. - For firms with assets between 20-50 billion, Shenzhen Zeyuan ranks first, followed by LuXiu Investment and Hangzhou BoYan Private Equity [10][12]. - In the 5-20 billion category, HaiSheng Fund tops the list, with LiangLi Private Equity in third place [14][15]. - Among firms with assets below 5 billion, XinCheng (Beijing) Private Equity, JiaXin RongCheng, and JinTaKe Asset are the top three [16][18].