Reported 4 months ago
Chinese quantitative hedge funds experienced a decrease in assets for the first time since late 2022, with assets under management falling to 1.57 trillion yuan ($217 billion) as of March 31, down 4% from the previous year due to the stock-market meltdown impacting performance and investor confidence in algorithm-driven trading strategies. Quants' stock products lost an average 4.9% in the first quarter, leading to the broader hedge fund industry shrinking by almost 200 billion yuan, with clients withdrawing a net 140 billion yuan. Despite a market rebound, quant funds mostly underperformed stock indexes in April, with factors like momentum, growth, and sentiment remaining unstable.
Source: YAHOO