"进击"的量化私募 ◎记者 马嘉悦 "现在渠道基本卖的都是量化产品。"沪上一位私募市场人士对上海证券报记者的感慨，道出了今年以来 量化私募发行的"火热程度"。 该人士称，量化私募基金尤其是多头策略，今年以来赚钱效应显现，头部机构旗下产品绝对收益大多在 40%以上。在此背景下，量化多头策略产品吸睛又吸金。即便近期市场有所调整，资金仍积极认购量化 多头策略产品。 私募排排网最新数据显示，截至8月底，有业绩记录的1303只量化多头策略私募产品今年以来平均收益 为31.84%，而主观多头策略私募基金同期平均收益为25.62%。与此同时，今年前8个月，量化私募新备 案产品3584只，同比增长100.34%，占证券类私募新备案产品数量的45.33%。其中，量化多头策略私募 基金最受青睐，备案数量达1666只，占比接近50%。 量化交易，正在以超出预期的速度扩张。 上海证券报记者近日采访获悉，量化多头策略产品近期在发行市场依旧"畅销"，渠道人士估计，量化管 理人今年以来平均新募集规模超10亿元。与此同时，多家量化私募创始人均表示，当前量化交易占全市 场成交量的比例已超20%。 显而易见，如今的量化私募，已成为资本市场的重要 ...

Core Insights - Since 2025, private equity securities products have shown significant profitability, with an average return of 20.41%, and stock strategy products achieving an impressive average return of 15.38% [1] - As of August 31, there are 10,135 private equity securities products with performance records, of which 9,208 have generated positive returns, resulting in a high positive return ratio of 90.85% [1] - Among various strategies, stock strategies have outperformed, benefiting from the structural market trends in A-shares, with 6,473 stock strategy products recording an average return of 25.38% and a positive return ratio of 93.09% [1] Stock Strategy Analysis - Within stock strategies, quantitative long strategies have excelled in the mid and small-cap market, with 1,303 products showing a positive return ratio of 96.24% and an average return of 31.84% [2] - In contrast, subjective long strategies have a positive return ratio of 92.68% but a lower average return of 25.62%, indicating a significant performance gap compared to quantitative strategies [2] - Multi-asset strategies follow closely with an average return of 15.61%, primarily due to timely allocation to stock assets, with 1,279 products showing a positive return ratio of 89.91% [2] Market Outlook - The rise in the A-share market is attributed to multiple factors, including policy adjustments, improved liquidity, and enhanced economic fundamentals, as analyzed by Fidelity International's economist Liu Peiqian [2] - Upcoming tourism expenditure data and weekly real estate transaction data are expected to serve as important indicators for observing the pace of economic recovery [2] - Looking ahead, the market is anticipated to continue a trend of oscillating upward, with a gradual shift towards large-cap growth stocks, focusing on sectors with low penetration rates such as AI computing power, semiconductor autonomy, solid-state batteries, humanoid robots, satellites, controllable nuclear fusion, and innovative pharmaceuticals [2]