Core Insights - The article highlights the performance and growth of quantitative private equity firms in Beijing, noting that there are 620 products with a total scale of 43.43 billion yuan, achieving an average return of 9.80% in the first half of the year [2] - The article emphasizes the emergence of three new billion-yuan quantitative private equity firms in Beijing, bringing the total to ten [2][3] Group 1: Market Overview - As of June 2025, there are 147 quantitative private equity firms in Beijing, a decrease of 2 from the end of 2024 [2] - The average return for quantitative products in Beijing was 10.75%, with 253 products outperforming the average [2] - The top three quantitative private equity firms by employee count are Lingjun Investment (157 employees), Jiukun Investment (155 employees), and Inno Asset (110 employees) [3] Group 2: Performance Rankings - The top-performing quantitative private equity firms in Beijing for the first half of the year include Xinhong Tianhe, Tiansuan Quantitative, and Pingfanghe Investment [6] - Xinhong Tianhe achieved a significant return with its products, leading the rankings [8] - The average return for quantitative multi-strategy products was 16.20%, with the top five products coming from firms like Luxiu Investment and Baolite Asset Management [10] Group 3: Product Insights - The article lists the top quantitative multi-strategy products, with Luxiu Investment's "Luxiu All-Market Enhanced No. 1" leading the way [11] - The average return for quantitative CTA products was 5.25%, with the top product from Ruixin Tiansuan [14] - Xinhong Tianhe's "Xinhong CTA No. 1 Quantitative A Class" also ranked highly in the CTA category [16]

Core Viewpoint - The article analyzes the performance of quantitative products in the A-share market from 2022 to 2024, highlighting that 39.38% of the 650 quantitative products achieved positive excess returns for three consecutive years, with a notable performance from large-scale private equity firms [2][5][6]. Group 1: Performance of Quantitative Products - In the past three years, the A-share market has experienced significant volatility, with the Shanghai Composite Index fluctuating between 2600 and 3600 points [2]. - Among the 650 quantitative products with performance data, 256 achieved positive excess returns for three consecutive years, representing approximately 39.38% [2][6]. - For large-scale private equity firms (over 10 billion), 179 quantitative products were tracked, with 114 achieving positive excess returns, resulting in a leading performance rate of 63.69% [6][7]. Group 2: Top Performing Private Equity Firms - The top private equity firms with the most quantitative products achieving positive excess returns over three years include JQData (31 products), Ningbo Huanfang (11 products), and Longqi Technology (9 products) [6][7]. - The top three products with the highest excess returns over the past three years are from Abama Investment, Jiukun Investment, and Maoyuan Quantitative [7][10]. Group 3: Performance by Scale of Private Equity - For private equity firms with assets between 50-100 billion, 51 quantitative products were tracked, with only 19 achieving positive excess returns, accounting for 37.25% [14]. - The leading firms in this category include Jun Cheng Asset Management (4 products) and He Fu Investment (2 products) [14][15]. - The top three products in this category are from Liang Kui Private Equity, Ping Fang He Investment, and Jun Cheng Asset Management [14]. Group 4: Performance in Smaller Private Equity Firms - In the 20-50 billion category, 88 quantitative products were tracked, with only 25 achieving positive excess returns, representing 28.41% [21]. - The leading firms include Junfu Investment and Youmeili Investment, each with 3 products achieving positive excess returns [21]. - The top three products in this category are from Qianhai Guoen Capital, Yuehai Yinghe Fund, and Junfu Investment [21]. Group 5: Performance in the Smallest Private Equity Firms - For private equity firms with assets between 0-5 billion, 196 quantitative products were tracked, with 46 achieving positive excess returns, accounting for 23.47% [41]. - The leading firms in this category include Mufeng Investment and Hongtong Investment, each with multiple products achieving positive excess returns [41]. - The top three products in this category are from Ruixin Tiansuan, Hainan Zhiyuan Private Equity, and Yitian Pavilion Asset Management [41].