Core Insights - The A-share market continued its strong performance in September, with all three major indices rising, while gold prices surged due to multiple factors including the onset of the Federal Reserve's rate cut cycle and central bank gold purchases [2] - Despite the strong market performance, the subjective long/short and quantitative long strategies underperformed in September, with average returns of 3.11% and 1.37% respectively, while macro strategies excelled with an average return of 4.08% [2] - Over a longer time frame, macro strategies have shown superior performance, with average returns of 22.45% and 75.33% over the year and the past three years respectively, highlighting their flexibility in capturing asset rotation opportunities [2] Strategy Performance Summary - **Macro Strategy**: 218 products, average return of 4.08% this year, 22.45% over the year, and 75.33% over three years [3] - **Subjective Long/Short**: 2120 products, average return of 3.11% this year, 34.08% over the year [3] - **Quantitative Long**: 862 products, average return of 1.37% this year, 36.94% over the year [3] - **Other Derivative Strategies**: 16 products, average return of 5.17% this year, 18.77% over the year [3] Top Macro Strategy Products - For products with over 5 billion in assets, the top three macro strategies over the past three years are managed by 久期投资 and 泓湖私募, with average returns of 69.86% [4][5] - The leading product in the 10-50 billion category is "路远睿泽稳增" managed by 路文韬, with significant returns [9] - In the 0-10 billion category, "石泉宏观对冲" managed by 孙旭 leads with impressive returns [12] Notable Fund Managers - 梁文涛 from 泓湖私募 is recognized for his strong performance and has a background in macro strategies [4] - 李蓓 from 半夏投资 has shown a significant rebound in performance this year after previous underperformance [6] - 路文韬 from 路远私募 has focused on gold and military sectors, indicating a strategic shift in asset allocation [9]

本文首发于公众号"私募排排网"。 （点击↑↑ 上图查看详情 ） 2025年三季度，A股总体表现强劲，其中创业板指大涨50.4%领衔，深证成指上涨29.25%，上证指数上涨12.73%；另外，科创50指数涨幅达 49.02%，仅次于创业板指。 在持续向好的市场行情下，私募行业头部格局稳中有升。私募排排网数据显示，截至9月底，百亿私募共有94家，相比6月底的88家增加了6家。 与此同时，多位知名私募基金经理针对科技成长板块等市场热点频频发声，也吸引了众多投资者关注。 接下来，笔者将为大家盘点私募排排网2025年三季度的人气私募基金经理、人气私募公司以及人气私募产品。 （注：本文业绩数据截至2025年9 月26日） 0 1 人气私募基金经理：但斌、林园、李蓓热议科技浪潮 在三季度人气位列前20的私募基金经理中，百亿私募基金经理占据一半，准百亿私募（管理规模50-100亿）旗下基金经理数量位列其次，共有5 位。 其中，但斌、林园、李蓓、吴悦风、朱晓康人气位列前5。如果从单月来看，和8月底相比，李剑飞、凌鹏、路文韬等基金经理9月人气上升较 多。 2025年三季度人气私募基金经理TOP20回 私募排排网公众号 数据来源: ...

Core Viewpoint - The article highlights the rise of female fund managers in the traditionally male-dominated private equity sector, showcasing their unique resilience, insights, and rigorous risk control, which have led to impressive returns in the investment landscape [1]. Group 1: Overview of Female Fund Managers - As of August 29, 2025, there are 185 female private equity fund managers with performance records on the platform, with the majority (110) from subjective private equity, 38 from quantitative private equity, and 37 from mixed strategies [2]. - The geographical distribution shows that 34.05% of female fund managers are based in Shanghai, followed by Shenzhen (26), Beijing (24), Hangzhou (15), and Guangzhou (9) [2]. - In terms of core strategy, over 50% (95) of female fund managers employ stock strategies, while 23 use multi-asset strategies, 22 focus on futures and derivatives, and 19 on bonds [2]. Group 2: Experience and Company Size - Among the female fund managers, 99 have over 10 years of experience, and 18 have over 20 years [3]. - More than 50% (97) of female fund managers are from private equity firms with assets under 500 million, while 30 are from firms with over 2 billion, with only 4 from top-tier firms (over 5 billion) [3]. Group 3: Notable Female Fund Managers - The top female fund managers include Li Bei from Banxia Investment, He Ruilin from Qianhai Bopu Asset, Lin Xue from Jiupeng Asset, and Jia Yiming from Chengyi Private Equity, all managing funds between 5 billion to 10 billion [4][5]. - Li Bei, known as the "private equity witch," has over 10 years of experience and manages two products with a total scale of approximately 304 million, achieving significant returns [6][11]. - He Ruilin, with a master's degree from Xiamen University, has a focus on sectors like new energy and technology, managing three products totaling approximately 322 million [7][12]. Group 4: Performance Rankings - The article lists the top 20 female fund managers based on their performance this year, with Li Jiajia from Haokun Shengfa Asset leading with an average return of ***% across four products [11][13]. - The average return for the top 32 female fund managers this year is ***%, with a total product scale of approximately 11.55 billion [7][13]. - In the past year, Li Jiajia also ranks first among female fund managers, with her products achieving an average return of ***% [12][15].

Core Viewpoint - The article discusses the performance of major stock markets in July 2025, highlighting the upward trends in A-shares, Hong Kong stocks, and US stocks, along with the popularity of certain private equity fund managers and companies based on user searches on the platform [1][2]. Market Performance - In July, the A-share market saw the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index increase by 3.74%, 5.2%, and 8.14% respectively, with the Shanghai Composite Index surpassing 3600 points for the first time since October 8, 2024 [1]. - The Hong Kong market's three major indices also rose over 2%, with the Hang Seng Index leading at 2.91% [1]. - All three major US stock indices recorded gains, with the Nasdaq Index achieving the highest increase of 3.7% [1]. Popular Fund Managers - The top three popular fund managers in July are Dan Bin, Lin Yuan, and Wu Yuefeng, with Dan Bin's popularity rising significantly [1][3]. - Dan Bin's average return for the year reached ***% as of July, with a near 3-month rebound of ***% [6]. - Wu Yuefeng's fund "Jia Yue Monthly Wind Investment Genesis" reported a return of ***% for the year, with a near 3-month return close to ***% [7]. Popular Private Equity Companies - The top three private equity companies are Longqi Technology, Shanghai Xiaoyong Private Equity, and Mengxi Investment, all showing significant increases in popularity [9][11]. - Longqi Technology's average return for its 16 products this year is ***%, with the "Longqi Technology Innovation Selected No. 1 C Class" achieving the highest return of ***% [14]. - Shanghai Xiaoyong Private Equity has seen its company scale increase from 20-50 billion to over 50 billion, marking its rise as a leading quantitative private equity firm [14]. Popular Private Equity Products - The top five popular private equity products include those managed by Hainan Shengfeng Private Equity, Longqi Technology, and Road Far Private Equity, with Longqi Technology having two products in the top five [16][18]. - The product "Longqi Stock Quantitative Multi-Head No. 1" managed by Zhu Xiaokang is among the top performers [18].