本文首发于公众号"私募排排网"。 （点击↑↑ 上图查看详情 ） "买基金就是买基金经理"逐渐被大众所熟知，基金经理是基金产品的灵魂所在，一定程度上决定着产品的业绩走势。私募排排网数据显示，截至 8月底，有业绩显示的基金经理共2831位，合计管理5276只私募基金产品(含重复项)，合计管理规模约为4654.68亿元，今年来收益均值高达 22.64%，显著跑赢同期大盘。 这2831位私募基金经理中，硕士学历占比近五成(48.15%)，共1363位；博士、博士后学历的基金经理分别有221位、8位。此外，从业经验在20 年以上的共有244位基金经理，占比为38.1%，从业经验上在30年以上仅有62人，占比为9.7%。 | 具体分类 | 有业绩显示的 基金经理数 | 合计管理产品数 | 合计管理规模 (亿元) | 1-8月收益均值 | | --- | --- | --- | --- | --- | | 100亿以上 | 127 | 649 | 1243.57 | 24.78% | | 50-100亿 | 125 | 366 | 542.15 | 20.16% | | 20-50亿 | 265 | 619 | 827.3 ...

Core Viewpoint - The recent market has shown significant activity, with the Shanghai Composite Index reaching a three-year high and margin trading balances hitting historical peaks, yet many investors struggle to outperform the index due to rapid sector rotations and concentrated hot spots [3][4]. Investment Strategy - The company has maintained its investment strategy and methodology despite market fluctuations, focusing on stock selection in various industries rather than over-participating in trending sectors like AI [3][4]. - A notable investment was made in a Hong Kong-listed blind box company, where strong revenue growth in North America was observed, leading to a successful position build-up based on performance tracking [4][5]. Market Trends and Shifts - The company has shifted its investment focus over the years, moving from consumer sectors to new energy, then to dividend assets, and currently to a combination of technology and consumption, driven by the need to align with market trends and growth opportunities [5][6]. - The investment philosophy emphasizes the importance of aligning with growth-oriented assets that reflect societal consumption habits and industry structures [6][7]. Performance Metrics - The company sets a growth threshold of 20% over the next two to three years as a benchmark for evaluating potential investments, ensuring a unified valuation standard across different sectors [10][11]. - The core investment philosophy is termed "performance-driven investment," which posits that the growth trend of earnings is the primary driver of stock prices [12][13]. Risk Management - The company adopts a "weaker" mindset in its investment approach, focusing on realistic assessments rather than predictions, which helps in identifying performance inflection points more accurately [14][15]. - The company emphasizes the importance of liquidity and does not rely heavily on trading, instead focusing on fundamental analysis and performance tracking [16][17]. Future Outlook - The current market valuation is perceived as not overheated, presenting a favorable environment for identifying quality investment opportunities [18]. - The company plans to focus on "growth-oriented dividends" in the fourth quarter, seeking companies that demonstrate strong earnings growth while also providing shareholder returns [19].