一、今日基金新闻速览 每经记者｜肖芮冬 每经编辑｜叶峰 天赐良基日报第644期 1、多只基金连发风险提示 近期，跨境ETF市场异常活跃，多只跨境ETF及LOF基金溢价率大幅攀升。5月份以来，有部分QDII基金每个交易日都在提示溢价风险，4月份有基金发出21 份风险提示公告。（Via：证券时报） 2、债券类ETF规模突破2500亿元 继今年2月债券型ETF规模突破2000亿元后，时隔三个月，该类产品规模又突破2500亿元大关——Wind数据显示，截至5月12日，全市场29只债券型ETF总规 模已达到2536.53亿元。（Via：中国基金报） 3、多只对冲策略基金开放期再限规模 5月13日，华夏安泰对冲策略3个月定开混合基金公告，开放期内，基金将设置基金总规模上限为人民币23亿元，采用"按比例确认"的原则进行规模控制。近 日，景顺长城量化对冲策略三个月定开也同样发布了规模控制的公告。（Via：中国基金报） 二、知名基金经理最新动态 公开资料显示，马龙2009年7月加入泰达宏利基金任研究员，从事宏观经济、债券市场策略、股票市场策略研究工作；2012年11月加入招商基金，历任固定 收益投资部研究员、基金经理、首席固定 ...

Group 1 - The private equity industry in China is experiencing accelerated head-to-head competition, with a significant "Matthew Effect" where top firms are consolidating their advantages, leading to a market characterized by a "20/80" distribution [2][24][26] - As of February 2025, there are 7,893 private equity managers and 86,708 products in the private securities investment fund sector, with a total management scale of 5.24 trillion yuan, reflecting a decline from historical peaks due to regulatory pressures and market challenges [20][24][26] - The top 1% of private equity firms manage over 100 billion yuan, while 84.91% of managers have a scale of less than 500 million yuan, indicating a significant disparity in the industry [24][26] Group 2 - The report categorizes private equity strategies into five main types: stock strategies, bond strategies, futures and derivatives strategies, multi-asset strategies, and combination funds, with a detailed breakdown into 16 secondary strategies [36][39] - Stock strategies dominate the private equity landscape, with subjective long positions and quantitative long positions accounting for approximately 60% of the market, while bond strategies have seen a significant decline due to low interest rates [39][40] - The subjective long strategy focuses on active management through in-depth research, while quantitative long strategies utilize mathematical modeling and algorithms to construct stock portfolios, highlighting a shift towards data-driven investment approaches [44][52] Group 3 - The report outlines the performance characteristics of various strategies, noting that subjective long strategies achieved an average return of 40.2% during the 2020 bull market, while quantitative long strategies have shown a consistent annualized excess return of 13.5% over the past five years [3][50][56] - The report emphasizes the importance of strategy innovation and compliance capabilities for survival in the competitive landscape, as smaller firms face increasing challenges in fundraising and differentiation [24][26][39] - A diversified strategy configuration is proposed, offering combinations from conservative to aggressive profiles, with the conservative portfolio achieving a 6.1% annualized return and a maximum drawdown of less than 3% [5][39]