私募“双十基金”达53只，但斌占2只！九坤、明汯旗下产品近5年领跑量化多头！

Core Insights - The article emphasizes the importance of long-term performance in investment strategies, highlighting that while short-term gains may be influenced by market beta, true investment skill is tested through long-term returns over 5 to 10 years [2] - It identifies 53 "Double Ten Funds" that have achieved over 10% annualized returns in the past decade, representing approximately 50.48% of the total funds analyzed [3] Group 1: Double Ten Funds - As of November 2025, there are 105 private funds that have been established for over 10 years, with 53 classified as "Double Ten Funds" due to their annualized returns exceeding 10% over the past decade [3] - Among these, 13 funds are managed by firms with over 10 billion in assets, with notable contributions from Hainan Xiwa and other firms [3] Group 2: Performance Rankings - The article lists top-performing funds across various strategies, including subjective long/short, macro strategies, and multi-asset approaches, with specific funds highlighted for their performance metrics [4][6][9][12][19] - For instance, the "Xiwa Small Cow 1" and "Xiwa Small Cow 5" funds are noted for their strong performance in the subjective long/short category [4] Group 3: Investment Strategies - The article categorizes funds into strategies such as quantitative long/short, subjective long/short, CTA (Commodity Trading Advisor), and multi-asset, providing insights into their respective performances and average annualized returns [8][17][22] - It notes that the average annualized return for quantitative long/short funds over the past five years is significant, with several funds from major firms like JiKun and MingHuan leading the rankings [8][12] Group 4: Key Players and Trends - Notable investors like Dan Bin from Dongfang Gangwan are highlighted for their focus on AI investments, particularly in companies like Nvidia, indicating a strategic shift towards technology-driven sectors [5] - The article also mentions the increasing relevance of AI and its potential for long-term investment opportunities, suggesting that concerns about market bubbles may be premature [5]