DeepSeek founder's Fantasia Quant achieved a 56.55% return last year, with assets under management exceeding 70 billion yuan.

On January 14, according to 21st Century Business Herald citing the latest data from Private Equity PaoPao Network, DeepSeek founder Liang Wenfeng’s Fantasia Quantitative’s average return in 2025 reaches 56.55%, ranking second among Chinese quantitative private equity firms with a management scale exceeding 10 billion yuan, only behind Lingjun Investment, which has an average return of 73.51%. Currently, Fantasia Quantitative’s management scale has exceeded 70 billion yuan. According to data from Private Equity PaoPao Network, Fantasia Quantitative’s average return over the past three years is 85.15%, and over the past five years is 114.35%. Some analysts believe that Fantasia Quantitative’s impressive performance has provided sufficient R&D funding for Liang Wenfeng’s DeepSeek. Fantasia Quantitative is one of the most well-known giants in domestic quantitative private equity, founded by Liang Wenfeng in 2008 while studying Information and Communication Engineering at Zhejiang University. It is a hedge fund with genes in mathematics, computing, research, and AI. In 2019, Fantasia Quantitative’s management scale broke 10 billion yuan, and in 2021, it once surpassed 100 billion yuan. Recently, there have been reports that DeepSeek will release a new generation flagship AI model, DeepSeek V4, in February. This model has powerful programming capabilities and is expected to have a significant impact on the current AI competitive landscape. (Jiemian News)