ChainThink reports that, according to publicly available data from Private Equity Ranking Network, on August 5, Liang Wenheng's Quantitative Fund, Huanfang Quant, experienced a significant drawdown in July, with all nine publicly displayed products recording monthly net value declines exceeding 20%.
Among them, the Huanfang CSI 500 Quantitative Aggressive No. 1 fund declined 22.15% in a single month, recording the largest drop. As of July 31, only one fund maintained a positive annual return of 0.04%, while the other eight turned negative for the year.
From July 13 to 17, the CSI 500 fell approximately 11.7% for the week, while the CSI 1000 and CSI 2000 both declined by more than 12%.
During the same period, all ten quantitative long-only products from QuantCube experienced weekly declines of over 15%, and leading firms such as Ming Shi, Pingfanghe, Jiukun, and Mingqiu also saw drawdowns. The industry attributes the pullback to overcrowding in technology and growth stocks, as well as high-momentum strategies; following a market style reversal, similar strategies underwent concentrated portfolio adjustments.
Data shows that the average excess return of 1,236 index-enhanced products in the first half of this year was 3.11%, compared to 14.17% in the same period last year.