主观股票私募近3年收益榜揭晓！但斌、曾文凯、韩广斌、黄立图、胡鲁滨旗下私募居前！

Core Viewpoint - Investment is a long-term endeavor, shifting focus from short-term speed to long-term sustainability over periods of 3 to 5 years [2] Group 1: Market Overview - The A-share market has experienced a small cycle over the past three years, moving from a downturn in 2022 to a bottom consolidation in the first half of 2024, followed by a sustained upward trend since the "9.24 market" [2] - All three major A-share indices have shown varying degrees of increase, but significant internal structural differentiation and rapid thematic rotation have notably reduced beta returns [2] Group 2: Performance of Private Equity Funds - The article categorizes private equity funds based on their management scale, identifying the top performers in terms of average returns over the past three years [2] - The top three private equity firms in the over 100 billion category are Kai Si Private Equity, Dongfang Gangwan, and Junzhijian Investment, with average returns of ***% [3][4] Group 3: Notable Private Equity Firms - Kai Si Private Equity, founded in 2009, focuses on the Hong Kong stock market with a core investment philosophy of value investing and long-term returns [4][5] - Dongfang Gangwan, led by Dan Bin, has shown impressive performance with an average return of ***% across 70 products over the past three years [5][7] - Shengqi Asset and New Thinking Investment lead the 50-100 billion category, with average returns of ***% [8][9] Group 4: Emerging Trends and Insights - Dan Bin emphasizes that the greatest risk in financial markets is not market fluctuations but the ability of held assets to create value over the long term [7] - The article highlights a growing optimism regarding AI applications, predicting 2026 as a significant year for AI development [7]