本文首发于公众号"私募排排网"。 （点击↑↑ 上图查看详情 ） 近三年A股行情跌宕起伏，期间在地缘政治冲突、疫情冲击、贸易战冲击下，市场流动性一度跌破5000亿、上证指数跌破3000点，也经历 了"924"新政的刺激，连续组合拳政策的刺激，市场波动明显加大。在这样的行情下，依旧保持亮眼收益与回撤表现的私募产品较为稀缺。 夏普比率作为衡量风险与收益性价比的指标，今年来随着A股走出反转行情，不少百亿私募取得优秀的夏普表 现 (参考文章： 百亿私募夏普榜揭 晓！进化论、明汯夺双冠！龙旗、蒙玺等上榜！ ) 。 不过， 穿越近三年牛熊转换周期的能力，并取得优秀夏普表现的私募产品，受到更多投资 者关注。 具体来看，百亿私募符合排名规则的662只产品，今年来收益均值为30.15%，今年来夏普均值为2.53； 近 3年符合排名规则的662只产品430只产 品，近3年收益均值为79.96%、近3年夏普均值为1.12。 百亿私募凭借强大的投研实力、更丰富的数据资源等，近3年夏普表现依旧处在领先位 置。 | 公司规模 | 今年来符合统 计 的产品数 | 今年来收益均值 | 今年来夏普均值 | 近3年符合统计 的产品数 | 近3年收 ...

Core Viewpoint - The A-share market maintained a narrow fluctuation in May, with all three major indices showing slight gains, leading to a significant number of private equity products reaching historical highs in net value [2][20]. Group 1: Market Performance - In May, the Shanghai Composite Index rose by 2.09%, the Shenzhen Component Index by 1.42%, and the ChiNext Index by 2.32% [2]. - A total of 1,411 private equity products reached historical highs in net value, accounting for approximately 32.88% of the products with performance data available for nearly a year [2]. Group 2: Product Types and Strategies - Among the high-performing products, 654 were quantitative and 757 were non-quantitative [2]. - The majority of products employed stock strategies (717), followed by futures and derivatives strategies (256), bond strategies (207), multi-asset strategies (171), and combination fund products (60) [2]. Group 3: High-Performing Private Equity Products - The top 20 private equity products by strategy were identified, focusing on stock strategies, futures and derivatives strategies, multi-asset strategies, and bond strategies [3][12][16]. - In the stock strategy category, 377 products reached historical highs, with the top five products all being subjective long products, each yielding over ***% in the past year [4][5]. Group 4: Notable Fund Managers and Products - Chen Long from Youbo Capital managed a subjective long product that achieved nearly ***% in the past year, ranking second among stock strategy products [7]. - He Guojian from Guanjin Fund managed a subjective CTA product that also achieved nearly ***% in the past year, ranking second in the futures and derivatives strategy category [11]. Group 5: Billion-Level Private Equity Products - In May, 156 billion-level private equity products reached historical highs, with quantitative products making up 140 of these, representing nearly 90% [20]. - Among these, stock strategy products accounted for over 70%, with 115 products in this category [20]. Group 6: Performance Rankings - The top 10 products by one-year returns among billion-level private equity products had a threshold return of nearly ***%, with the top five products coming from Longqi Technology, Ming Stone Fund, and others [21][22]. - The top three products by three-year returns also had a threshold of over ***%, with leading products from Abama Investment and Ming Stone Fund [23][24].