Data from PaiPaiWang shows that by August 31, private securities funds had registered 10,964 products this year, up 38.26% from the same period last year. To put that in perspective: it took nearly 11 months to cross the 10,000 mark in 2025. This year? Just eight. That's a full three months faster.
Quant products accounted for 5,333 of those registrations—48.64% of the total, and a 40.86% year-on-year jump. In other words, roughly one out of every two new private fund products is quant.
Digging deeper: quant long-only funds led with 2,762 registrations, followed by equity market-neutral at 972, and quant CTA at 576. Equity strategies saw the highest quant penetration, with 3,917 products—nearly 70% of all quant registrations.
But the gap between big and small players is widening fast. The 133 billion-yuan-plus firms registered 3,882 products (35.41% of the total), while 1,830 sub-1-billion firms registered just 3,908 (35.64%)—a mere 0.23 percentage-point edge for the smaller crowd. That's 133 firms vs. 1,830 firms, practically tied in volume.
Even more striking: all seven firms that registered over 100 products are billion-yuan quant shops. Two of them—Pingfanghe Investment and Mingshi Fund—crossed the 200 mark, with 230 and 203 respectively.
Meanwhile, research activity is heating up. In August, 1,072 private funds made 6,148 corporate visits, a 289.61% surge month-over-month. The electronics sector dominated with 1,447 visits—the only industry to break the thousand-visit mark that month.
Registrations are accelerating, research is buzzing, but the money is increasingly flowing to the top. The Matthew effect in quant is alive and well—the strong are getting stronger, and the laggards are falling further behind.
Welcome to our Blog!
If you are interested in career opportunities, please send your CV to: recruiter@alphamaker.link
If you would like to share your story, please contact us on WeChat: AMQuantcareer