Core Viewpoint - The article emphasizes the importance of adaptability and continuous strategy optimization in the quantitative private equity industry, highlighting how Evolutionary Asset has successfully integrated subjective and quantitative investment approaches to achieve superior returns over a decade [2][3]. Performance Summary - Evolutionary Asset has shown remarkable performance in the past six months, ranking first in the "Billion Private Equity Half-Year Yield Ranking" with an average yield of ***% across its 10 products [3]. - The firm also topped the "Top 10 Private Quantitative Funds" for companies managing over 100 billion, achieving an average yield of ***% [3]. Strategy and Model - The unique strategy of Evolutionary Asset is termed "Logical Quantification," which combines traditional statistical factors with self-developed logical factors, refined over nearly 10 years of market experience [5][10]. - The transition from a subjective to a logical quantitative approach was driven by the need for a more stable investment experience for clients, as traditional concentrated strategies led to significant net asset value fluctuations [11]. Factor Development - The firm has developed a proprietary library of logical factors based on extensive research and market understanding, which enhances model stability and reduces tail risk during extreme market conditions [14][15]. - The integration of logical factors allows for a diversified approach that can adapt to various market environments, aiming for sustainable excess returns [14]. Product Performance - Among its products, the "Evolutionary Multi-Prism CSI 1000 Index Enhanced B Class" has achieved the highest one-year yield of ***%, outperforming the CSI 1000 Index significantly [18][19]. - The product exemplifies three strategic advantages: low turnover, large capacity, and low strategy crowding, which contribute to its performance [18]. Management Team - The founder of Evolutionary Asset, Wang Yiping, has 18 years of experience in the capital market and has received multiple awards for his investment management capabilities, indicating strong leadership within the firm [20].