4001只私募产品1月净值创新高 私募排排网数据显示，1441家私募旗下共计4001只私募产品的净值在今年1月创下历史新高。经统计， 至少有3只产品有近3年业绩展示（成立满3年）且符合排名规则的私募有139家，其中百亿私募仅14家， 股票策略私募占8家，收益均值排名前五的私募依次为天演资本、复胜资产、诚奇私募、幻方量化、明 汯投资。（私募排排网） 专家称普通投资者不适合配置白银 建议普通投资者避开白银优先配置黄金 集邦咨询：2月份电视面板价格预计将延续上涨态势 TrendForce集邦咨询公布了2月面板价格趋势预测：电视面板价格预计将延续上涨态势，显示器面板部 分尺寸价格上涨，笔电面板价格预期下跌。报告称，2月份，电视面板需求仍维持在相对较稳定水平， 加上面板厂明确表示将在农历春节期间进行5-7天不等的产能调控，2月份平均稼动率预期将较1月份调 整约10%，可望支撑供需维持在较为平衡的状态，也有助于电视面板价格的上扬。目前预估2月份电视 面板价格有机会呈现全面上涨趋势，32英寸、43英寸与50英寸预估上涨1美元，55英寸、65英寸与75英 寸则预计上涨2美元。（同花顺） 广电总局：2025年微短剧市场规模破千 ...

本文首发于公众号"私募排排网"。 （点击↑↑ 上图查看详情 ） 在刚过去不久的 1月份，A股三大股指均经历了"先拉升后盘整"的走势。 最终，上证指数、深证成指、创业板指在1月份分别上涨了3.76%、 5.03%、4.47%。同时， 市场成交活跃，多个交易日出现 3万亿以上的成交额 。板块方面，商业航天、AI应用、有色金属在1月份均有亮眼表 现。与此同时， 黄金、白银等商品期货均在 1月份走出了加速上涨行情 。 在这样的市场背景下，根据私募排排网数据， 共有来自 1441家私募旗下的4001只私募产品的净值在2026年1月曾创下历史新高。 从私募公司维度统计来看， 有 309家私募在私募排排网有业绩展示的全部产品（产品数在3只及以上）在1月份均创了历史新高，占符合统计私 募（729家）的比例约为42%。其中，至少有3只产品在私募排排网有近3年业绩展示（成立满3年）且符合排名规则的私募则有139家 。 这139家私募，按私募的核心策略来看，股票策略私募占82家，多资产策略私募占20家，期货及衍生品策略私募占18家，其余策略私募家数较 少。 为了给读者提供更好的参考，笔者将这139家创新高的私募，按照私募公司的规模 ...

Market Overview - In January, A-shares experienced a "first rise then consolidation" trend, with the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index increasing by 3.76%, 5.03%, and 4.47% respectively [2] - The market was active, with multiple trading days exceeding a transaction volume of 3 trillion [2] - Sectors such as commercial aerospace, AI applications, and non-ferrous metals performed well, while commodities like gold and silver saw accelerated price increases [2] Private Equity Performance - A total of 4,001 private equity products from 1,441 firms reached historical net asset value highs in January 2026 [3] - Among the 729 private equity firms with performance data, 309 firms achieved historical highs across all products, representing approximately 42% [3] - Of the 139 firms with at least three products displayed for nearly three years, 82 focused on stock strategies, 20 on multi-asset strategies, and 18 on futures and derivatives [3] Billion-Level Private Equity - Fourteen billion-level private equity firms, including Fusheng Asset and Zhongou Ruibo, reached historical highs, with eight focusing on stock strategies [4] - The firms are ranked by the average returns of their products over the past three years, with Tianyan Capital and Fusheng Asset leading [4] 50-100 Billion Private Equity - Eleven private equity firms in the 50-100 billion range achieved historical highs, with five focusing on stock strategies [9] - The top five firms by average returns over the past three years include Shengqi Asset, Yunqi Quantitative, and Qianshu Investment [10] 20-50 Billion Private Equity - Twenty-two private equity firms in the 20-50 billion range reached historical highs, with twelve focusing on stock strategies [14] - The top five firms by average returns include Beijing Xiyue, Yidian Najin, and Qiantu Investment [15] 10-20 Billion Private Equity - Twenty-two private equity firms in the 10-20 billion range achieved historical highs, with thirteen focusing on stock strategies [20] - The top five firms by average returns include Huacheng Private Equity and Beijing Zhenke Private Equity [21] 5-10 Billion Private Equity - Twenty-two private equity firms in the 5-10 billion range reached historical highs, with fifteen focusing on stock strategies [26] - The top five firms by average returns include Zhongying Investment and Qianhai Quark Asset [27] Below 5 Billion Private Equity - Forty-eight private equity firms below 5 billion achieved historical highs, with twenty-nine focusing on stock strategies [32] - The top five firms by average returns include Longhuixiang Investment and Mingce Asset [33]

回归CTA主赛道 2007年成立的老牌私募双隆投资，经历过衍生品市场的多次变迁，也曾在多元扩张中经历考验。 2010年，股指期货上市成为双隆投资的关键转折点，公司将策略重心转向了股指期货，包括期现套利、 量化选股对冲和股指CTA，一开始发展较为顺利。张津鹏回忆，至2015年，公司管理规模一度达到约50 亿元。然而，2016年股指期货交易受限。彼时，双隆投资正雄心勃勃地扩张，组建了股票、商品、期权 三个团队，意图多线并进。但事与愿违，尤其是股票策略的业绩始终未能达到预期。 "到了2020年初，我们做了'断舍离'，彻底放弃了股票策略，重新聚焦到我们最擅长的主赛道CTA 上。"这次"壮士断腕"式的战略收缩，是双隆投资发展史上的另一个关键时点。这并非盲目撤退，而是 基于深刻的投研反思与对投资者负责的态度。 成立于2007年，双隆投资的故事始于商品期货的跨期套利与趋势跟踪。从早期拥抱股指期货的浪潮，在 多线扩张中冷静反思，到后来回归并聚焦于CTA主赛道，双隆投资的关键选择背后，蕴含着"断舍离"的 哲学。 近日，双隆投资总经理张津鹏在接受中国证券报记者采访时介绍，如今双隆投资已形成覆盖全品种、全 周期的CTA策略矩阵，在 ...

Core Insights - The core philosophy of Shuanglong Investment emphasizes a "cutting off and letting go" approach, focusing on the CTA (Commodity Trading Advisor) strategies as a stabilizer in asset allocation due to their low correlation with equity and bond assets, especially during crises [1][2] Company Development - Established in 2007, Shuanglong Investment initially focused on cross-period arbitrage and trend-following in commodity futures, later shifting its strategy to include stock index futures after their launch in 2010, achieving a management scale of approximately 5 billion yuan by 2015 [2] - In 2016, due to restrictions on stock index futures trading, the company faced challenges and decided to abandon its stock strategy in 2020, refocusing on its core CTA strategies, marking a significant strategic pivot [2][3] Strategy Framework - Shuanglong Investment has developed a comprehensive CTA strategy matrix that covers various asset classes, including commodities, stock indices, and options, with a focus on multiple strategy factors such as price-volume, term structure, and fundamentals [3] - The strategy framework includes both short-term and long-term positions, primarily emphasizing medium to long-term strategies while also incorporating shorter-term strategies for balance and hedging [3] Market Outlook - Looking ahead to 2026, the company is optimistic about the CTA strategies, noting increased volatility across commodity markets and sustained capital inflows, which may signal positive trends for related commodity indices [3][4] Compliance and Risk Management - The company prioritizes compliance and risk management as essential to its operations, viewing them as the lifeline of private equity, and emphasizes the importance of controlling risks to ensure long-term sustainability in the financial market [4]

以下文章来源于排排私募汇 ，作者山枫 排排私募汇 . 私募排排网出品。专注深度对话私募管理人，直击私募核心策略。用客观数据说话，以专业视角解读。在这里，读懂私募，把握投资先机。 点击↑↑ 上图查看详情 2025年是量化私募"吸金又吸睛"的一年。从市场环境来看， A股呈现"小微强、大盘稳"的结构性行情，成交活跃、日内波动放大为量化交易提 供了充裕的Alpha空间。此外DeepSeek-R1大模型的发布点燃了"AI+量化"赛道，头部量化私募随即开启AI大模型军备竞赛与人才争夺战。 在此 背景下，行业从策略、规模到业绩，整体迈上了一个新台阶。 那么，这些身在局中的量化私募怎么看待2025年的行业变化呢？它们进行了哪些布局？2026年，量化私募的发展趋势又是怎么样的呢？为此， 笔者采访了鸣石基金、蒙玺投资、世纪前沿、九坤投资、远和资产、半鞅私募基金、量创投资、海南无量资本、前海国恩资本、双隆投资、波粒 二象私募、上海思达星汇私募12家具有代表性的量化私募机构。（ 点击查看完整原文 ） 策略格局： 传统高频价量策略的Alpha空间被宏观波动挤压，而能够融合地缘政治、产业周期、政策预期等宏观因子的量化模型， 表现出了更强 ...

去年以来，伴随A股市场的持续回暖，百亿主观私募的投资业绩和经营状况整体向好。而对于新年 市场，身处行业第一梯队的明星私募们普遍保持着乐观心态。 过去几年，量化私募无疑风头正劲，在突出超额表现加持下，百亿量化私募数量甚至反超百亿主观私募，百亿 主观私募的业绩表现一直相对落后。不过，值得注意的是，去年百亿主观私募的业绩开始呈现大幅回暖。 百亿主观私募整体回暖 据某三方机构数据，23家百亿主观私募平均收益为25.80%，其中22家实现正收益，占比为95.65%。实现正收 益的百亿主观私募中，12家收益在20%以内，6家收益在20%—49.99%，4家收益超50%，具体来看，远信投 资、复胜资产、望正资产等表现不俗。 据券商中国记者从业内了解，受益于管理规模和业绩提成的增加，百亿主观私募的经营状况也显著好转。进入 2026年，百亿主观私募上海复胜资产单日完成10亿元募资并售罄，成为年内首批"爆款"私募之一。 "去年公司的业绩总算好起来了，规模也慢慢稳住，压力感觉小了很多，希望今年能多发点奖金。但我们对外 还是比较谨慎，基金经理也都是专注把业绩做上去。"某百亿主观私募相关负责人坦言。 关于调研，多位百亿主观私募人士向券 ...

在低利率与资产欠配的双重影响下，追求绝对收益的保险资金正面临配置压力。部分中小型保险机构正 尝试借道专业的资产管理通道，将资金投向以往相对陌生的领域——量化私募。 名为"MOM"（管理人中管理人）的模式成为了主流"合规桥梁"。在这一生态链中，险资、券商资管、 量化私募三方角色交织，上演着一场关于风险、收益、效率与合规的精细合作与博弈。 "从黑箱走向灰箱" 合作的第一步，源于最根本的需求碰撞。"险资背负着3%至4%的刚性负债成本，这决定了其首要目标 是'覆盖成本后的安全收益'，而非追求高波动的弹性回报。"知名量化私募蝶威量化相关负责人一语道 破险资的"负债驱动"本质。 这种对"确定性"和"穿透管理"的极致要求，与量化私募给外界的传统形象产生了矛盾。华东一家大型保 险资管机构人士的谨慎态度颇具代表性："我们不投资私募量化产品。这个业务大型保险机构不会做， 因为风险较大。但据我们了解，一些中小保险资管机构和个别理财公司已经进行了尝试。" 为了撬动险资大客户，头部量化私募开始了一场从内到外的适应性"妥协"与"改造"。 "险资的风控要求严格很多，比如衍生品只能做股指期货且仅限套保，这就要求我们选股要控制在有股 指期货对 ...

Core Viewpoint - The article emphasizes the significant growth and transformation of the capital market in Jiangxi province, highlighting the successful implementation of the "Ying Shan Hong Action" to promote company listings and enhance the quality of listed companies [3][7][8]. Group 1: Capital Market Expansion - Jiangxi's capital market has seen a steady increase in the number of listed companies, growing from 55 to 91 since 2021, achieving full coverage across major exchanges [8]. - The region has established a robust listing framework, with 2 companies awaiting approval, 3 under review, and 25 in the counseling phase, indicating a well-structured capital market [8]. Group 2: Quality Improvement of Listed Companies - The focus on quality has led to 53% of listed companies in Jiangxi being in strategic emerging industries, with an 80% increase in technology-based IPOs since the "Ying Shan Hong Action" began [9][10]. - R&D investment among listed companies has grown annually by 12.43%, with many companies becoming leaders in their respective industries [10]. Group 3: Financing and Economic Support - The capital market has facilitated over 950 billion yuan in financing during the "14th Five-Year Plan" period, with equity financing reaching 687.93 billion yuan, marking a 2.7 times increase from the previous period [14]. - The issuance of technology innovation bonds has also increased, with 114.76 billion yuan issued in 2025, reflecting a 31.47% year-on-year growth [14]. Group 4: Regulatory Environment - The Jiangxi Securities Regulatory Bureau has strengthened its regulatory framework, increasing enforcement actions significantly, with a 54.55% rise in administrative penalties compared to the previous five years [17]. - A comprehensive risk prevention mechanism has been established to address potential risks in bond defaults and private equity funds, ensuring a stable market environment [18][19].

人生寄一世，奄忽若飙尘。在以算法、速度和波动著称的量化投资圈，一位正值盛年的拓路者骤然止 步。 2月2日晚间，国内百亿量化私募上海启林投资管理有限公司（以下简称"启林投资"）发布一则令人扼腕 的讣告：公司创始合伙人沈显兵先生，于当日10时36分与世长辞，享年40岁。 图源：启林投资公众号 启林投资在字句克制的讣告中写下："最深切的哀悼""最诚挚的感谢""最深切的慰问"，字里行间是一家 公司骤失支柱的震荡，是一个家庭突遭变故的悲伤，也是行业叙事里的一段休止符。 1 30岁二次创业，启林投资已成百亿私募 公开资料显示，沈显兵出生于1986年8月，湖北人，还没有正式步入不惑之年。他毕业于中国科学技术 大学物理学专业，与启林投资创始人王鸿勇同为校友。 来源：独角金融 纵观沈显兵的职业生涯，其并非一开始就深耕金融领域，创立启林投资前曾先后任职于安徽科大讯飞信 息科技股份有限公司、上海易炬信息科技有限公司及上海顶间通信科技有限公司，这段跨足科技与商业 领域的宝贵经历，为其日后在高度融合科技与金融的量化投资领域深耕，奠定了独特的复合型背景。 图源：罐头图库 到2015年5月，沈显兵与王鸿勇、董成共同创立启林投资。据了解，启 ...