Core Viewpoint - In an era of information overload and accelerated style rotation, capturing excess returns in investment has become increasingly challenging, prompting a search for effective strategies [1] Group 1: Fund Performance - The fund managed by Chen Cong, Xingquan Hong Kong-Shenzhen Two-Year Holding Mixed Fund, has achieved a net value growth of 39.13% over the past year, surpassing its performance benchmark by 17.67 percentage points, ranking 14th out of 43 in its category [3] - Another fund independently managed by Chen, Xingquan Hexi Mixed A, has recorded a return of 21.82% since its establishment on June 27, 2025, until March 25, 2026 [3] Group 2: Investment Philosophy - Chen Cong's investment methodology combines a strong "Xingquan imprint" with a disciplined approach derived from quantitative analysis, focusing on sectors such as the internet, innovative pharmaceuticals, technology hardware, and new consumption [3][6] - His investment framework emphasizes industry aesthetics and portfolio discipline, with a focus on company culture, organizational structure, and management cognition in light asset industries, while prioritizing performance tracking in sectors undergoing significant development [7][8] Group 3: Market Insights - Chen identifies critical points in industry trends, focusing on capturing the upward Beta before uncovering undervalued Alpha opportunities, particularly in sectors like AI and storage [10][11] - His approach to investing in the storage sector involved recognizing supply tightness early and identifying a leading storage company with significant advantages, leading to a strong investment decision [11] Group 4: Risk Management - The investment strategy incorporates risk management from the outset, ensuring a balanced exposure across sub-sectors and maintaining a clear delineation of asset positioning within the portfolio [14] - Chen emphasizes the importance of adjusting positions in response to extreme macroeconomic events to mitigate tail risks, prioritizing the reduction of high Beta stocks during such times [14] Group 5: Long-term Vision - The overarching goal is to deliver attractive long-term performance, with a belief that true growth will ultimately be validated over time, despite market fluctuations [15]