Magic Square quantitatively responds to market rumors, and the scale is reduced to 20 billion yuan as rumors. Industry: between 50 billion and 60 billion yuan

Photo source: Visual China

Blue Whale News, February 20 (Reporter Ao Yulian)The whole market is curious, what is the quantitative scale of Deepseek’s golden master magic square?

On February 20, news spread in the market that the quantitative scale of a magic square had shrunk to more than 10 billion yuan. Later, media reported that the current scale was more than 20 billion yuan. Regarding the above-mentioned scale data, a relevant person in charge of magic square quantification told Blue Whale News: It’s all rumors.

The statistical caliber of the quantitative scale of magic squares is complex. On the one hand, the scale also includes customer funds and self-operated funds. On the other hand, the company has two entities, Ningbo Magic Square Quantification and Zhejiang Jiuzhang Asset Management. According to the official website of the China Foundation Association, both entities have a scale of more than 10 billion yuan.

A number of private equity professionals and securities firms engaged in quantitative private equity brokerage business have revealed to reporters: By the end of 2024, the total size of the two entities of Magic Square will be between 50 billion and 60 billion, excluding self-employed companies.

“No one knows how much capital they have in their scale, so there is no accurate figure. rdquo; A leading quantitative private equity investment researcher said. For the scale of 50 – 60 billion, as of press time, the magic square did not give a positive response.

Although scale is still a mystery, a certain point is that the magic square, which relies on asset management to make a fortune, is shifting its focus from magic square quantification to in-depth exploration of Deepseek.

Magic Square Quantification was established in 2015. The original main body was Zhejiang Jiuzhang Assets. In 2016, Ningbo Magic Square Quantification was established. Relying on its AI-driven model and computing power advantages, Magic Square fully turned to deep learning algorithms in 2017, and ranked among the ranks of tens of billions of private equity for the first time in 2019.

In 2021, the quantitative industry will usher in an explosion period, with significant excess returns, and the scale of magic square management will exceed 100 billion yuan. However, while the scale is expanding rapidly, problems with excessive strategies and fluctuations are gradually emerging. In September of the same year, the company’s many index-enhancing funds fell by more than 10%.

Affected by this, Magic Square announced in November that it would completely suspend the subscription of its products (including additions) and completely close its head private placement. The news shocked the market. At that time, the company explained that the closure was to control the scale and optimize the strategy.

After taking the initiative to close the market, in October 2024, Magic Square announced that it will gradually reduce the investment position of all hedging products to 0. If you close the market first and then abandon the neutral strategy, the scale of quantitative management of magic squares will undoubtedly gradually shrink. It is understood that Magic Square has a high customer stickiness on the wealth side and few redemptions. Currently, the company’s focus is on self-operated funds.

In the past year, the performance of Magic Square has remained excellent. The performance table obtained by Blue Whale News shows that the Magic Square China Securities 1000 Index has increased its earnings in the past year by about 50%, the China Securities 500 Index has increased its earnings by about 45%, and the Shanghai and Shenzhen 300 Index has increased by about 43%. The preferred series for quantitative hedging is around 9%.