As of end-September, 107 private fund managers with at least three reporting
funds and CNY10bn-plus AUM oversaw 897 funds that delivered an average Jan–Sep
return of 7.07%; 84 managers (78.50%) posted positive YTD returns. By strategy:
66 quant managers — 55 positive (83.33%); 29 discretionary managers — 20
positive (68.96%); 12 hybrid quant+discretionary managers — 9 positive (75%).
