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近三年谁的收益“又高又稳”?君之健包揽百亿前4!阿巴马、安子基金进入十强!
私募排排网· 2025-09-20 03:05
Core Viewpoint - The article discusses the performance of stock strategy products in the context of increased market volatility due to tariffs, policy shifts, and geopolitical conflicts, emphasizing the importance of the Sharpe ratio as a measure of risk-adjusted returns [1][18]. Summary by Sections Overall Market Performance - Over the past three years, the average Sharpe ratio for stock strategy products was 0.69, with an average return of 64.17%. Among 1,723 products, 333 had a Sharpe ratio greater than 1, representing 19.33% of the total [1]. Top Products by Size Categories - **100 Billion and Above**: - The top product was "Junzhijian Junxin" managed by Zhang Youjun and Zhang Yichi, achieving a Sharpe ratio of *** and a return of ***% [4]. - Seven out of ten top products were subjective long strategies, with Junzhijian Investment holding half of the top spots [4]. - **50-100 Billion**: - "Pingfanghe Caiying Balanced No. 1 B Class" from Pingfanghe Investment topped this category with a return of ***% and a Sharpe ratio of *** [6][7]. - Six out of ten products were subjective long strategies, with two products each from Qianhai Bopu Asset and Kaishi Private Equity [6]. - **20-50 Billion**: - "Anzi Geek Multi-Strategy No. 1 A Class" managed by Li Jing was the top performer with a return of ***% and a Sharpe ratio of *** [10]. - Four subjective long and four quantitative long products made the top ten list [10]. - **10-20 Billion**: - "Jilu No. 11" from Jilu Asset achieved the highest return of ***% and a Sharpe ratio of *** [12]. - The top three products were all quantitative long strategies [12]. - **5-10 Billion**: - "Beiheng No. 2" managed by Zhou Yixing led this category with a return of ***% and a Sharpe ratio of *** [14]. - All top eight products were subjective long strategies [13]. - **0-5 Billion**: - The highest entry threshold was noted in this category, with "Saisuo Stable Profit No. 1" leading with a return of ***% and a Sharpe ratio of *** [15][16]. - Seven out of ten products were subjective long strategies [15].
准百亿私募产品榜揭晓!国源信达、远信投资等夺冠!平方和、洛书私募多次居前!
私募排排网· 2025-09-16 07:01
Core Viewpoint - The article highlights the performance of private equity funds in the range of 5-10 billion, indicating a strong average return of 24.25% year-to-date, with stock strategy products significantly outperforming the market [1][2]. Group 1: Performance Overview - There are 570 products under private equity funds with performance data, totaling approximately 951.82 billion yuan, with an average return of 24.25% this year [1][2]. - Stock strategy products, totaling 470, have an average return of 26.58%, outperforming the market significantly [1][2]. - Futures and derivatives strategy products have lagged behind, with only 25 products showing an average return of 6.04% this year [1][2]. Group 2: Strategy Breakdown - The performance of various strategies is as follows: - Stock Strategy: 470 products, 7,909,036.93 million yuan, 8-month return of 6.23%, year-to-date return of 26.58% [2]. - Multi-Asset Strategy: 79 products, 1,083,120.75 million yuan, 8-month return of 5.79%, year-to-date return of 17.97% [2]. - Futures and Derivatives Strategy: 25 products, 241,368.31 million yuan, 8-month return of 1.24%, year-to-date return of 6.04% [2]. - Bond Strategy: 17 products, 228,625.42 million yuan, 8-month return of 1.32%, year-to-date return of 5.66% [2]. - Combination Fund: 3 products, 56,001.36 million yuan, 8-month return of 9.33%, year-to-date return of 31.87% [2]. Group 3: Quantitative Strategy Performance - There are 76 quantitative long products with an average return of 36.30% year-to-date, outperforming the average [3][4]. - The top three quantitative long products for the year are from Pansong Asset, Beiyang Quantitative, and Zhengying Asset [4]. Group 4: Subjective Long Strategy Performance - 82 subjective long products have an average return of 30.86% year-to-date, benefiting from a strong equity market [7][8]. - The top three subjective long products are from Yuanxin Investment, Tongben Investment, and Kangmand Capital [8]. Group 5: Market Neutral Strategy Performance - 37 market-neutral products have an average return of 6.53% year-to-date, with the top three products from Pansong Investment, Liangkui Private Equity, and Pansong Asset [11][12]. Group 6: Multi-Asset Strategy Performance - 79 multi-asset strategy products have an average return of 14.51% year-to-date, with the top three products from Guoyuan Xinda, Luoshu Investment, and Chanlong Asset [13][14]. Group 7: Futures and Derivatives Strategy Performance - 52 futures and derivatives strategy products have an average return of 8.92% year-to-date, with the top three products from Hongxi Fund, Luoshu Investment, and Jiahong Fund [15][16].
但斌、梁宏旗下“双十基金”创新高!梁文锋掌舵的幻方旗下产品全部新高!
私募排排网· 2025-09-16 03:59
本文首发于公众号"私募排排网"。 (点击↑↑ 上图查看详情 ) 8月份,A股三大股指继续强势上涨,同时,成交额来到了历史高位水平,市场交投活跃。8月份,上证指数的涨幅为7.97%,深证成指的涨幅为 15.32%,创业板指的涨幅为24.13%。 在这样的市场背景下, 有 3321只私募产品(在私募排排网有业绩展示且成立满1年)在今年8月份净值曾创下历史新高,占成立满1年的私募产 品的比例约为71.19%。 按产品类型来看,量化产品占 1303只,非量化产品占2018只 。 按照产品策略(一级策略)来看,股票策略产品最多(主要是主观多头和量化 多头),有 2135只,占比约64%; 其次是多资产策略产品占471只,期货及衍生品策略产品占305只,债券策略产品占302只,组合基金产品占 108只。 按公司规模来看,来自5亿以下规模私募的产品最多,有1347只,占比超4成;来自百亿私募的产品有456只。 为了给读者提供一些参考, 笔者在创新高私募产品中按照产品策略分别梳理出了 "股票策略-主观多头、股票策略-量化多头、期货及衍生品策 略、多资产策略、债券策略"近一年收益居前20强的私募产品(公司规模在5亿以上); 此 ...
年内私募整体收益率超20% 股票策略表现突出
Group 1 - The A-share market has shown strong performance in 2025, with private equity securities products achieving an average return of 20.41% year-to-date, and 90.85% of the 10,135 products recorded positive returns [1] - Among stock strategy private equity products, 93.09% of the 6,473 products achieved positive returns, with an average return of 25.38%, driven by structural opportunities in the market [1] - Quantitative long strategies have outperformed subjective long strategies, with 96.24% of the 1,303 quantitative products showing positive returns and an average return of 31.84% [1][2] Group 2 - Subjective long strategies have a positive return rate of 92.68% and an average return of 25.62%, with many relying on in-depth research by fund managers to identify quality stocks [2] - Market-neutral and long-short strategies have lower performance due to their hedging nature, with positive return rates of 88.47% and 91.67%, and average returns of 8.15% and 14.53% respectively [2] - Multi-asset strategies have shown strong performance, with 89.91% of the 1,279 products achieving positive returns and an average return of 15.61% [2] Group 3 - Combination fund strategies have the highest positive return rate among the five strategies, with 95.98% of the 398 products achieving positive returns and an average return of 14.12% [3] - The commodity market has experienced wide fluctuations, negatively impacting futures and derivatives strategies, which have a positive return rate of 77.15% and an average return of 8.55% [3] - Bond strategies have benefited from a loosening monetary policy, with 92.50% of the 773 products achieving positive returns and an average return of 7.89% [3]
私募“双十基金”达32只,梁宏旗下产品在列!
Sou Hu Cai Jing· 2025-08-26 08:16
Group 1 - The article emphasizes the importance of long-term performance in the capital market, highlighting that strategies need to be continuously learned and iterated to achieve sustained profits [1] - It categorizes private equity products into "long-distance running" types, focusing on those with outstanding performance over the past five years and those established for over ten years, referred to as "double ten funds" [1] - As of July 2025, there are 61 private equity products that have been established for ten years, with 32 of them achieving an annualized return of over 10%, accounting for approximately 52% [2] Group 2 - Among the "double ten funds," 14 products reached historical highs in July 2025, with 25 of them being subjective long/short products [2] - Notable private equity firms such as Evolutionary Assets, Shenzhen Yitong Investment, Tonghe Investment, and Zhongrui Huyin each have two products listed among the top performers [3] - The article provides a detailed table of various private equity products, including their strategies, sizes, and performance metrics, showcasing the diversity in the market [4][5] Group 3 - The subjective long/short product "Xi Wa Xiao Niu No. 1," managed by Liang Hong, was established near the peak of the last bull market and has shown significant returns [5][6] - Liang Hong expresses a preference for core companies that can be compared with international leaders, rather than supply chain stocks [6][7] - The article also discusses the performance of quantitative long/short products, noting that the average annualized return for these products over the past five years is 13.27% [12] Group 4 - The multi-asset strategy products have an average annualized return of 10.84% over the past five years, with several products reaching historical highs in July 2025 [16] - The article highlights the performance of bond strategy products, which have an average annualized return of 11.87% over the past five years, with many products achieving historical highs recently [24] - It concludes with a focus on the performance of futures and derivatives strategy products, which also show strong returns and historical highs [20]
慢牛下的主观多头!7月份收益反超量化!和谐汇一、同犇、丹羿等私募夺冠!
私募排排网· 2025-08-15 10:00
Core Viewpoint - The A-share market has shown a strong performance, with the Shanghai Composite Index reaching 3700 points, indicating a recovery from previous economic shocks. A trend of gradual growth has emerged since April 27, following the impact of U.S. tariffs, leading to a widening gap between stock strategies and other primary strategies [1]. Summary by Categories Market Performance - The A-share market has entered a four-month trend of gradual growth, with a noticeable recovery in the index [1]. - Quantitative long strategies and subjective long strategies have both performed well, with quantitative long strategies achieving a return of 25.02% and subjective long strategies averaging 5.86% in July [3][4]. Strategy Performance - Among various strategies, subjective long strategies have outperformed quantitative long strategies due to their concentrated positions and flexibility in trading [4]. - The average return for subjective long strategies across different scales of private equity funds has been significant, with the highest returns observed in the 10-20 billion category at 25.43% [18]. Fund Performance - The top-performing subjective long products in the 100 billion category include "和谐汇一医疗创新B类份额" managed by 施跃, achieving a return of ***% [7][5]. - In the 50-100 billion category, "同犇22期" managed by 童驯 led with a return of ***% [14]. - The 20-50 billion category saw "丹羿鹏程1号1期" managed by 王帅 achieving a return of ***% [17]. - In the 10-20 billion category, "能敬价值优选二号" managed by 孙杰 led with a return of ***% [21]. - The 5-10 billion category was topped by "优波三号A类份额" managed by 陈龙 with a return of ***% [24]. - The 0-5 billion category saw "子衿云杉" managed by 邹凯 achieving a return of ***% [28]. Investment Insights - Fund managers are focusing on sectors such as innovative pharmaceuticals and medical devices, indicating a re-evaluation of high-quality assets in China [8]. - The market is currently in a phase where investors are cautious about the sustainability of earnings for companies that have seen significant price increases [8].
量化领跑!百亿私募产品榜揭晓!龙旗科技、鸣石基金等登榜!
Sou Hu Cai Jing· 2025-07-16 09:46
Market Performance - In the first half of 2025, the A-share market showed strong resilience amid a complex domestic and international environment, with the Shanghai Composite Index rising by 2.75% and the North Stock 50 Index leading with a remarkable increase of 39.45% [1] - The total trading volume in the A-share market reached 162.68 trillion yuan, significantly higher than the 101 trillion yuan recorded in the same period of 2024, indicating a rapid increase in market activity [1] Private Equity Fund Performance - Among the 495 billion private equity products with reported performance, the average return for the first half of the year was 10.18%, with an excess return of 8.84% [2] - There was a notable divergence in performance among different strategies, with quantitative long strategies achieving an average return of 18.84%, while subjective long strategies only averaged 3.32% [1][2] Strategy Breakdown Quantitative Long Strategies - A total of 194 quantitative long products were reported, with the top performers identified based on excess returns [3] - The leading product was from Longqi Technology, with significant returns attributed to favorable market conditions and a strong belief in the potential for excess returns in the Chinese market [7][8] Subjective Long Strategies - There were 165 subjective long products, with the average return being only 3.32%, highlighting a stark contrast with quantitative strategies [4][11] - The top-performing product in this category focused on medical innovation, benefiting from strong market trends in the healthcare sector [11] Market Neutral Strategies - The average return for 35 market-neutral products was reported at 6.62%, with notable performers including Mingcong Investment and Weiguan Asset [12][14] Multi-Asset Strategies - The average return for 46 multi-asset strategies was 6.45%, with several products achieving significant returns [15][17] Futures and Derivatives Strategies - The average return for 25 futures and derivatives products was 3.82%, with the top product from Xinhong Tianhe showing strong performance [19][22]
量化领跑!上半年百亿私募产品榜揭晓!龙旗科技、稳博投资、鸣石基金登榜!
私募排排网· 2025-07-11 10:59
Core Viewpoint - The A-share market demonstrated strong resilience in the first half of 2025, with a "volatile upward and structurally differentiated" trend, as evidenced by the performance of various indices and a significant increase in trading volume [2] Market Performance - The Shanghai Composite Index rose by 2.75%, the Shenzhen Component Index increased by 0.48%, and the ChiNext Index gained 0.53%. The North Stock 50 Index, representing small-cap stocks, saw the highest increase of 39.45% [2] - Total trading volume in the A-share market reached 162.68 trillion yuan, significantly higher than the 101 trillion yuan recorded in the same period of 2024, indicating a rapid increase in market activity [2] Private Equity Fund Performance - In the first half of 2025, 495 products from billion-yuan private equity firms reported performance, with an average return of 10.18% and an excess return of 8.84% [2][3] - There was a notable divergence in performance among different strategies, with quantitative long strategies achieving an average return of 18.84%, while subjective long strategies only averaged 3.32% [2][3] Strategy Breakdown Quantitative Long Strategies - A total of 194 quantitative long products were analyzed, with the top performers based on excess returns [4] - The top 10 quantitative long products included firms such as Longqi Technology and Stable Investment, with Longqi Technology's product leading the list [5][8] Subjective Long Strategies - There were 165 subjective long products, with an average return of 3.32%, indicating a significant performance gap compared to quantitative strategies [8] - The top performers in this category included Harmony One Asset and Evolutionary Asset, with a focus on sectors like medical innovation [12][9] Market Neutral Strategies - 35 market-neutral products were evaluated, with the top 10 showing an average return of ***% [13] - Notable firms in this category included Mingyuan Investment and Micro博易 [16] Multi-Asset Strategies - 46 multi-asset products were reviewed, achieving an average return of 6.45% [17] - The leading product in this category was from Blackwing Asset, which demonstrated strong performance [19] Futures and Derivatives Strategies - 25 products in the futures and derivatives category were analyzed, with an average return of 3.82% [20] - The top product was from Xinhong Tianhe, which achieved significant excess returns [23]
半年度股票胜率榜揭晓!量化优于主观!微观博易、龙旗、进化论等领衔!
私募排排网· 2025-07-08 10:25
Core Viewpoint - The article analyzes the performance of various private equity funds in the first half of 2025, highlighting the average win rates and returns across different fund sizes and strategies, with a notable emphasis on the superiority of quantitative strategies over subjective ones [2][10]. Group 1: Overall Performance - In the first half of 2025, 2,592 stock strategy products had an average win rate of 56.34%, with 979 products achieving a win rate above 60%, accounting for approximately 37.78% [2][4]. - The average win rates by fund size are as follows: over 100 billion (58.22%), 50-100 billion (57.63%), 20-50 billion (57.29%), 10-20 billion (57.08%), 5-10 billion (55.61%), and 0-5 billion (55.40%) [2][4]. Group 2: Performance by Strategy - Among 1,752 subjective long products, the average win rate was 54.76% with an average return of 11.51%, while 592 quantitative long products had an average win rate of 59.38% and an average return of 17.54%, indicating that quantitative products outperformed subjective ones in both metrics [2][10]. Group 3: Top Performing Funds - The top-performing products in the over 100 billion category included "微观博易-宝途二号B类份额" managed by 微观博易, achieving a win rate of ***% and a return of ***% [5][7]. - In the 50-100 billion category, "同犇22期" managed by 同犇投资 had the highest return of ***% and a win rate of ***% [11][13]. - The leading product in the 20-50 billion category was "盛冠达股票量化2号C类份额" managed by 盛冠达, with a win rate of ***% and a return of ***% [16][19]. - For the 10-20 billion category, "上海晨鸣精选A类份额" managed by 晨耀私募 had a win rate of ***% and a return of ***% [20][21]. - In the 5-10 billion category, "量盈日升专享1号A类份额" managed by 量盈投资 achieved a win rate of ***% and a return of ***% [23][25]. - The top product in the 0-5 billion category was "九招股票量化多头一号B类份额" managed by 九招基金, with a win rate of ***% and a return of ***% [27][29].
股票债券商品齐涨,宏观策略王者归来?
雪球· 2025-06-08 06:28
Core Viewpoint - The macro strategy is expected to perform well this week, with a recovery in various asset classes, including Chinese equities, bonds, gold, and oil, indicating a favorable environment for macro strategies [3]. Macro Strategy - The macro strategy is anticipated to show improvement, benefiting from the recent rise in Chinese equities and bonds, as well as overseas assets [3]. - The macro strategy faced challenges in the first half of the year due to the unpredictable nature of Trump's policies, which disrupted the typical low correlation among major asset classes [3]. - Recent trends suggest a return to deep negative correlation among major assets, indicating a more favorable environment for macro strategies moving forward [3]. Quantitative Long Strategy - The quantitative long strategy is expected to yield absolute returns, with stable excess returns due to increased trading volume, surpassing 1 trillion in daily transactions [5]. - Over 50% of stocks are showing upward movement, and market volatility remains within a normal range, supporting alpha generation for quantitative strategies [5]. - However, there is a caution regarding small-cap valuations, which are at a three-year high, indicating potential pullback risks [5]. Subjective Long Strategy - The subjective long strategy is projected to perform well, particularly in growth styles, with some differentiation in specific returns [7]. - The overall market is experiencing a steady upward trend, with positive PMI data and a preference for growth over value stocks [7]. - Continued net inflows from southbound capital are noted, with the Hang Seng Index and Hang Seng Tech performing well, despite high PB valuations [7]. Market Neutral Strategy - The market neutral strategy is expected to remain stable, with consistent excess returns in the equity segment and no significant impact from the hedging side [9]. Stock Index CTA - The stock index CTA strategy is anticipated to perform well in both intraday and daily strategies, with differentiation among products due to signal cycles [12]. Commodity Strategy - The commodity strategy is expected to show a reversal in performance, with mixed results across different segments, particularly in precious metals [15]. - The commodity sector has seen a general upward trend, although volatility remains present, posing challenges for previously dominant short positions [15]. Arbitrage Strategy - The arbitrage strategy, including ETF and options arbitrage, is expected to see slight gains, while commodity arbitrage remains stable [17]. - The ETF market has experienced a slight increase in trading volume, indicating a favorable trend for overall strategy performance [17].