量化私募2025年度10强出炉！幻方居第2！百亿量化跑赢中小型量化！

Core Insights - The A-share market in 2025 showed strong performance with an average daily trading volume exceeding 1.7 trillion yuan and a peak daily trading volume surpassing 3 trillion yuan [2] - Major indices such as the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index increased by 18.41%, 29.87%, and 49.57% respectively [2] - The favorable market conditions provided a conducive environment for quantitative investment, leading to impressive performance from quantitative private equity funds [2] Quantitative Private Equity Performance - By the end of 2025, there were 180 quantitative private equity funds with performance data, achieving an average return of approximately ***%, outperforming the Shanghai Composite and Shenzhen Component indices [2] - Among these, 53 funds had returns exceeding ***% [2] Top Performers by Fund Size 100 Billion and Above - The top quantitative private equity funds in the 100 billion yuan category included Lingjun Investment, Ningbo Huansheng Quantitative, and Xinhong Tianhe, with average returns significantly above ***% [3][4] - Shanghai and Beijing were the primary cities for these funds, with 18 and 9 firms respectively [3] 50-100 Billion - In the 50-100 billion yuan category, the leading funds were Yunqi Quantitative, Qianshu Investment, and Tiansuan Quantitative, with average returns around ***% [8][9] - The majority of these funds employed stock strategies [9] 20-50 Billion - The top funds in the 20-50 billion yuan category were Hanrong Investment and Xiangmu Asset, with average returns exceeding ***% [12][14] 10-20 Billion - The leading funds in the 10-20 billion yuan category included Tianhui Investment and Hainan Gaia Qingke, with average returns around ***% [16] 5-10 Billion - In the 5-10 billion yuan category, Huacheng Private Equity led with significant returns, while other notable funds included Tanshen Investment and JuLiang Junheng Fund [19][21] Below 5 Billion - The top performers in the below 5 billion yuan category were Jingying Zhito, Jinwang Investment, and Quancheng Fund, with average returns exceeding ***% [24][26] Notable Strategies and Innovations - Ningbo Huansheng Quantitative, a leading firm, utilized a team with backgrounds in mathematics and AI, achieving historical highs in performance [5][6] - Evolutionary Asset proposed a "logical quantitative" approach, integrating logical factors into quantitative models to enhance stability [7]