Core Insights - Shanghai Yonghan Private Fund won the Xingyao Professional Award (CTA Strategy Group) at the semi-annual award ceremony held in Nantong [1] - The company primarily focuses on subjective CTA strategies and has a research team with over ten years of investment and industry experience [1] - The investment research framework is built on a "macro-industry-price" top-down approach, emphasizing the identification of "certain" opportunities driven by macroeconomic factors, industry supply and demand, and price-funding dynamics [1] Company Strategy - The company prioritizes investments in advantageous varieties, particularly in macroeconomic or agricultural products, and assigns higher weight to these directions [1] - It conducts in-depth research on industry supply and demand to analyze the fundamentals of specific commodities, seeking strong drivers for investment [1] - The company also looks for arbitrage opportunities within the value chain based on industry logic [1] Team Composition - The team has incorporated core personnel from a former billion-yuan quantitative private fund, enhancing its capabilities [1] - Shanghai Yonghan Private Fund is committed to outperforming across the entire cycle by focusing on CTA as the core strategy, alongside quantitative stocks and low-volatility fixed income plus asset allocation strategies [1]