Recently, I came across some interesting data. The annual performance report of domestic quant private funds with a scale of over 10 billion yuan has been released, and one institution performed quite well—an ROI of 56.55%, ranking second in this camp. However, this year's champion is even more impressive, with an average return of 73.51%.

Behind the data is real management scale. This second-ranked institution now manages over 70 billion yuan, making it a leading player in the quant private fund circle. Speaking of this institution, its background is quite solid. Founder Liang Wenfeng started it during his early years studying Information and Communication Engineering at Zhejiang University, back in 2008. The fund itself has genes of mathematics, computing, and AI, and operates as a hedge fund.

Historically, this institution has expanded quite rapidly. In 2019, its management scale first exceeded 10 billion yuan, and by 2021, it surged to the trillion-yuan level. Although the scale later experienced some adjustments, the 70 billion yuan size still demonstrates market recognition of its strategies. In the field of quantitative investing, stable returns and continuous growth in management scale often go hand in hand.