Private equity performance surges, small and mid-cap strategies heat up

Despite the recent fluctuations and corrections in the A-share market, many billion-yuan private equity firms still delivered positive returns in November, with cumulative returns this year significantly outperforming the indices. Representative products from several subjective private equity firms, such as Yuanle Sheng, New Wisdom, Fusheng, Tongben, and Tongyuan, have achieved annual returns exceeding 50%. In contrast, the performance of quantitative private equity has been even more impressive, largely due to the continued popularity of small and medium index enhancement strategies. Products under billion-yuan quantitative institutions like Mingcong, Century Frontier, Mengxi, and Longqi, focusing on the CSI 1000 and CSI 2000 index enhancement, have seen returns surpassing 60%