Core Viewpoint - Despite recent fluctuations in the A-share market and a pullback in the performance of private equity funds, many private equity firms reported positive returns in November, significantly outperforming the index year-to-date [1] Group 1: Private Equity Performance - Several subjective private equity firms, including Yuanlesheng, Xinsizhe, Fusheng, Tongben, and Tongyuan, have reported annual returns exceeding 50% [1] - In contrast, quantitative private equity firms have shown even more impressive performance, driven by the continued popularity of small and mid-cap index enhancement strategies [1] Group 2: Quantitative Private Equity Success - Notable quantitative firms such as Minghong, Century Frontier, Mengxi, and Longqi have seen their products linked to the CSI 1000 and CSI 2000 index enhancements achieve returns surpassing 60% [1]