Core Viewpoint - Zhejiang University has played a significant role in China's higher education and has produced numerous successful entrepreneurs and investors, particularly in the field of technology and innovation [1][2]. Group 1: "Hangzhou Six Little Dragons" - The "Hangzhou Six Little Dragons" are notable for their focus on "hard technology," including artificial intelligence, robotics, and brain-computer interfaces, aiming to reshape industry logic and break technological barriers [2]. - Zhejiang University has been at the forefront of artificial intelligence since establishing its computer science department in 1978, becoming one of the first universities in China to offer an undergraduate program in AI in 2019 [2][3]. - Founders of several "Hangzhou Six Little Dragons" companies, such as DeepSeek and Cloud Deep Technology, are alumni of Zhejiang University, showcasing the university's influence on entrepreneurship [2][3]. Group 2: Alumni Achievements - As of May 17, 2024, 351 alumni from Zhejiang University hold key positions in 313 listed companies, indicating the university's strong entrepreneurial ecosystem [4][5]. - The "Future Entrepreneurs Cultivation Project," initiated in 1999, has produced 128 startups with a total market value exceeding 100 billion yuan, highlighting the university's commitment to fostering innovation [5]. - Zhejiang University's innovation culture emphasizes the integration of technological and industrial innovation, creating a vibrant ecosystem that supports startups at various growth stages [5]. Group 3: Notable Investors - Notable investors from Zhejiang University include Duan Yongping, known as the "father of industry" and "Chinese Buffett," who has made significant contributions to the tech industry and value investing [6][7]. - Duan Yongping has made substantial donations to Zhejiang University, supporting its development and infrastructure, reflecting his commitment to giving back to his alma mater [7]. - Other prominent investors include Chen Yuemeng, founder of Zhejiang Merchants Venture Capital, and Wang Huai, founder of Linear Capital, both of whom have made significant impacts in their respective fields [8][9][10].

量化私募行业迎新一轮调研，关注AI模型运用等 金十数据5月20日讯，记者日前获悉，监管部门近期对部分头部量化私募开启新一轮调研。此次调研一 方面聚焦于当前市场环境下量化的整体运行情况，包括：不同市场环境下的盈利和回撤情况如何变化， 主要超额收益来源如何，以及2024年量化的整体表现和应对、负债端赎回压力等；另一方面，对于量化 策略中AI模型的运用较为关注，包括：是否面临人工智能算法黑箱带来的模型不可解释性与风险不可 控性问题，AI"幻觉"风险在量化资产配置场景中的典型表现是什么以及如何抑制此类风险等。 （中证 金牛座） ...

点击↑↑ 上图看#一图看懂私募 # 合集 上海泓湖私募基金管理有限公司（以下简称"泓湖投资"）由梁文涛博士创立于2010年3月 ，中国证券投资基金业协会管理人登记编号： P1000395。 泓湖投资自成立以来一直在实践中探索为投资人追求中长期绝对收益的宏观策略，是国内系统化宏观策略的先行者 。（ 点此看泓湖投资旗下基金业绩、核心团队成员、路演视频 ） 公司专注于系统化宏观策略，坚持价值投资理念，以中长期绝对收益为目标，严格控制风险。目前，公司总管理规模100亿+。据私募 排排网数据 显示 ， 2024年末，泓湖私募的规模还只是20-50亿，今年2月份就突破了百亿。 今年4月份，泓湖私募旗下有4只产品（成立满 1年）的净值已创历史新高 。（ 点此看旗下基金收益 ） 在最新的百亿私募近半年收益排行榜中，泓湖投资夺得冠军。 其有8只产品在私募排排网有近半年业绩展示，近半年收益均值约为***%， 今年1-4月收益均值约为***%。 同时，其在近一年也以约***%的收益夺得第1名（ 点此看收益 ）。 值得一提的是，其在上个月的近半年 收益排名中还未进入前10强，在4月份，其产品业绩突然狂飙，单月收益约***%，从而一举 ...

Core Viewpoint - The company emphasizes the importance of investor protection and compliance in the fund management industry, aligning with national regulatory requirements and enhancing investor confidence [1][5]. Group 1: Investor Protection Initiatives - The company organized a learning seminar to reinforce the concept of investor protection among employees, focusing on the "suitability obligation" in fund management [3][4]. - The seminar highlighted the necessity of strict investor qualification checks to prevent non-compliant investors from being offered private fund products [3][4]. - The company aims to integrate investor protection principles throughout its fund management processes, ensuring a robust compliance framework [1][6]. Group 2: Compliance and Regulatory Framework - The company recognizes the increasing regulatory scrutiny in the private fund sector and the need for enhanced compliance measures to maintain industry standards [5][6]. - Key compliance warnings discussed include strengthening investor suitability management, standardizing information disclosure, and ensuring lawful investment operations [4][5]. - The company is committed to embedding compliance requirements into all business processes and establishing a comprehensive compliance management system [5][6]. Group 3: Future Directions - The company plans to continue prioritizing investor interests, enhancing its service capabilities across investment research, compliance management, and sales services [6]. - There is a focus on continuous improvement of investor education content and innovative service delivery to enhance investor satisfaction and trust [6].

本文首发于公众号"私募排排网"。 （点击↑↑ 上图查看详情 ） 4月份在关税冲击下全球资本市场迎来巨震，A股方面在国家队积极发声，以真金白银下场维稳市场，上证指数一度走出11连阳。虽然4月份整体 行情逐渐偏暖，但其中的巨幅波动给私募的投资决策带来一定难度。 根据私募排排网数据， 有业绩显示的 4453只产品4月份收益均值约为-0.42%，其中月内实现正收益产品共1988只，占比为44.63%。 分二级策 略来看，主观、量化CTA逆市表现，4月份收益均值分别为2.48%、2.65%；主观多头回撤较为明显，4月份收益均值为-1.89%，正收益产品占比 不足三成。 | 二级策略 | 有业绩显示的产品数 | 4月份收益均值(%) | 正收益产品数 | 正收益占比(%) | | --- | --- | --- | --- | --- | | 量化CTA | 380 | 2.65% | 288 | 75.79% | | 债券增强 | 73 | 2.49% | 57 | 78.08% | | 主观CTA | 168 | 2.48% | 114 | 67.86% | | 宏观策略 | 144 | 2.43% | 85 | 5 ...

凯雷联合创始人DAVID RUBENSTEIN：对日本私募 股权投资的兴趣日益浓厚。 ...

本文首发于公众号"私募排排网"。 （点击↑↑ 上图查看详情 ） 随着近年来大数据、云计算、人工智能等技术的飞速发展，量化投资机构在金融数据收集、处理 和分析方面变得更加高效和精准。再借助先进的算法和模型，深入挖掘数据背后的规律和趋势， 量化投资机构可以发现传统投资方法难以察觉的投资机会。同时，借助量化投资可以对投资组合 的风险进行精确的量化和管理。因此，量化投资越来越受到青睐。 在私募证券投资领域，采用量化投资的私募也日益壮大！ 根据私募排排网数据，截至2025年4月 底，我国百亿私募共有87家，其中量化私募就占到了38家，"主观+量化"类私募占7家，也就是 说， 采用了量化投资的百亿私募占比超 "半壁江山" 。那么，私募的量化投资"战果"如何呢？ 以近半年（2024年11月1日-2025年4月30日）维度来看，A股和美股主要指数均是收跌的，港股 表现相对亮眼。其中，A股三大指数中，创业板指波动最大，但近半年的最大涨幅也却不足 14%。 这样的市场背景下，要想取得不错的业绩表现并非易事 。 | 证券市场 | 指数名称 | 近半年涨跌幅 | 近半年最大涨幅 | 近半年最大回撤 | | --- | --- | - ...

Core Viewpoint - The revised "Major Asset Restructuring Management Measures" by the China Securities Regulatory Commission introduces a "reverse linkage" mechanism for private equity funds, aiming to enhance their participation in mergers and acquisitions, which is expected to significantly boost the M&A market by 2025 [1][2]. Group 1: Policy Changes - The revised measures establish several first-time initiatives, including a simplified review process, adjusted regulatory requirements for share issuance in asset purchases, a phased payment mechanism, and the introduction of the "reverse linkage" arrangement for private equity funds [1]. - The "reverse linkage" mechanism allows for a reduction in the lock-up period for private equity funds, which can decrease their capital occupation costs and enhance capital turnover efficiency, thereby stimulating long-term investment [2]. Group 2: Market Impact - The policy is anticipated to alleviate liquidity pressures for private equity funds and improve the connection between the primary and secondary markets, making the primary market more attractive for long-term capital, particularly in the technology innovation sector [2]. - The implementation of the "reverse linkage" mechanism is expected to lead to the emergence of specialized M&A funds focused on acquiring listed companies, marking 2025 as a milestone year for domestic M&A fund growth [3]. Group 3: Industry Dynamics - The participation of venture capital and private equity firms in M&A activities is driven by the need to leverage professional value, find exit channels for invested projects, and explore new profit models [3]. - As the M&A market matures, a clearer professional differentiation among VC/PE firms is expected, with those possessing rich experience and specialized teams likely to gain a competitive edge [3].

将投中网设为"星标⭐"，第一时间收获最新推送 募资难，还是根源。 作者丨 陶辉东 来源丨 投中网 面对募资难，黑石又一次祭出了保底大法。 FT 近日报道，黑石集团旗下欧洲房地产基金在今年 3 月份一笔 10 亿欧元的募资中，承诺了 9.25% 的年回报率。若回报率 低于这一数字，黑石将以自有资金进行补偿。这是继 2022 年黑石与加州大学投资办公室签下最低收益条款之后，第二次运用 此种方式募资。 在全球 PE 行业，为特定 LP 提供"保底收益"或"回报担保"极为罕见。黑石上一次这么做曾在业内引发了广泛讨论和争议， 甚至被指责"破坏行业公平"。彼时，外界普遍认为黑石的做法是"危机应对下的非常规手段"，不能被视为行业趋势。但三年 不到，黑石签保底已经梅开二度了。 作为全球 PE 老大，黑石的一举一动都备受关注，难道全球 PE 行业的祖宗之法真要变了？ 不仅如此， BEPIF 披露的文件显示，从 2024 年到 2025 年一季度， BEPIF 还通过二级市场大举抛售 BPPE 的股份。 BPPE 的全称是 Blackstone Property Partners Europe ，是黑石旗下另一只面向欧洲市场的永 ...

Group 1 - The core viewpoint of the article emphasizes the growth and achievements of Kaifeng Investment, highlighting its status as a leading macro-strategy asset management company in China with nearly 10 billion in assets under management [2][5] - Kaifeng Investment was established in 2012 and has offices in Shenzhen, Shanghai, and Hong Kong, focusing on multi-asset, multi-market, and multi-tool investment strategies to achieve sustainable long-term returns for clients [2][5] - The company has received over a hundred industry awards, including the Golden Bull Award and the Golden Sunshine Award, showcasing its recognition in the asset management industry [2][5] Group 2 - The development history of Kaifeng Investment includes significant milestones such as becoming a special member of the China Securities Investment Fund Industry Association in 2013 and entering the hundred billion private equity camp in 2018 [7][8] - The core team consists of nearly 40 research and investment professionals with an average of over 15 years of experience, emphasizing the importance of talent acquisition and team building [9][22] - The company has established a strong research advantage by integrating macroeconomic analysis, industry chain details, and quantitative methods to enhance its investment strategies [19][21] Group 3 - Kaifeng Investment's macro strategy focuses on identifying mispricing in financial assets based on macroeconomic principles, investing in various asset classes including foreign exchange, stocks, bonds, and futures [23][24] - The company employs a bond enhancement strategy that combines fixed-income assets with futures and derivatives, aiming to manage interest rate and credit risks effectively [25][26] - The quantitative CTA strategy utilizes statistical and mathematical methods to analyze market data, supporting overall macro research and investment strategy formulation [29][30] Group 4 - Kaifeng Investment has received numerous accolades, including the Golden Bull Award for Best Private Fund Management Company and recognition as one of the top 50 private fund companies in China [33][34] - The company continues to expand its product offerings and enhance its investment performance, with a focus on achieving high returns while managing risks effectively [35][37]