The difference between the highest and lowest exceeds 20%, leading to significant divergence in quantitative excess.

After the market test in July, the differentiation among quantitative private equity funds has significantly intensified. According to the latest data provided by channels, by the end of July, the performance of leading quantitative private equity funds in the past month can be described as a tale of two cities. Some quantitative stock selection strategies experienced drawdowns of nearly 30%, while other products following the same strategy had adjustments of less than 10%. The internal differentiation among the CSI 300 Index enhancement, the CSI 500 Index enhancement, and market neutral strategies has become even more apparent, with the gap in excess returns for singular strategies in the past month exceeding 20%.