Core Insights - The market has recovered from the impact of tariffs since April, providing opportunities for private equity stock strategy products, with significant performance differences between subjective long and quantitative long strategies [2] - From April to June, themes like AI computing power and humanoid robots gained traction, benefiting quantitative long products due to their advantages in diversified and programmatic trading [2] - From July to September, A-share indices reached new highs, leading to a notable recovery in the performance of subjective long products focusing on popular sectors [2] Performance Summary - As of October 17, 2025, there are 2,112 subjective long products and 862 quantitative long products with nearly six months of performance data, yielding average returns of 29.62% and 29.43% respectively [2] - In the category of private equity funds with assets over 5 billion, subjective long products outperformed quantitative long products [4] Top Performing Products - In the 50 billion and above category, the top subjective long products include those managed by Wang Aoye, Guan Xin, and Cai Zhijun, with average returns of 34.77% [5][6] - The top three products in the 10-50 billion category are managed by Shi Hao, Zhang Hui, and Tang Yunjie, with the average return for subjective long products at 29.8% [11][12] Quantitative Long Products - In the 10-50 billion category, the top three quantitative long products are managed by Jin Teng, Wang Xiao, and Yin Tao, with an average return of 31.89% [8][9] - The top performing quantitative long product in the 0-10 billion category is managed by Wu Yufeng, with significant recent gains attributed to investments in Bitcoin and AI leaders [20][21] Market Trends - The article highlights a shift towards AI and technology investments, with notable holdings in companies like Nvidia and Google by leading fund managers [7][24] - The "deep earth economy" concept is emerging, with potential market opportunities exceeding trillions [24]

本文首发于公众号"私募排排网"。 （点击↑↑ 上图查看详情 ） 今年以来，A股市场表现强劲，尤其进入七月之后，主要股指呈现加速上行态势。沪指、深成指、创业板指与科创50等指数均创下阶段性新高， 推动A股在三季度全球主要股指中表现突出。其中， 创业板指以 50.40%的涨幅牛冠全球 ，科创50与深证成指也分别录得49.02%和29.25%的亮 眼涨幅，位居第2、3。 | 私募排排网公众号 | 全球主要股指今年来市场表现 Q | 数据来源: Choice, 整理自私募排排网, 截至2025年9月底 | 在 看 话 | | --- | --- | --- | --- | | 排序 | 证券名称 | 今年来涨跌幅(%) | 三季度涨跌幅(%) | | 1 | 创业板指 | 51.20 | 50.40 | | 2 | 科创50 | 51.20 | 49.02 | | 3 | 深证成指 | 29.88 | 29.25 | | 4 | 恒生科技指数 | 44.71 | 21.93 | | 5 | 越南胡志明 | 31.18 | 20.76 | | б | 雅加达综指 | 13.79 | 16.29 | | 7 | 台湾加权 ...

本文首发于公众号"私募排排网"。 （点击↑↑ 上图查看详情 ） 今年以来，A股市场稳健上行，慢牛格局不断巩固，上证指数一度突破3900点，持续刷新近十年新高。在此背景下，私募行业也交出了一份亮眼 的成绩单，私募排排网数据显示，截至9月30日，4799只符合排名规则的私募产品，前三季度平均收益达29.01%，显著跑赢同期沪深300指数 17.94%的涨幅。 面对市场的持续涨势，哪些产品能真正做到乘风破浪，充分把握机遇？在这种慢牛行情下，制胜关键或在于更强的 "进攻能力"与优秀的"防守能 力" 。 进攻是收益的引擎，决定了净值的高度；防守是复利的基石，决定了行情的长度，二者缺一不可。 进攻能力(上行捕获率) ：衡量反映市场上涨时，基金对市场的敏感程度，代表此基金的进攻能力，进攻能力值越大越好，比1越大， "超涨"动力越强，越 能战胜市场。上行捕获率=（投资组合在基准上涨期间的累计收益率+1）/（基准在上涨期间的累计收益率+1）-1。 防守能力(下行捕获率) ：衡量反映市场下跌时，基金对市场的敏感程度，代表着此基金的防守能力，防守能力值越小越好，如果为负数，则反映基金在下 跌市场里能取得正收益。下行捕获率=（投资组 ...