Huanfang Quantitative, a leading Chinese quantitative hedge fund founded by Liang Wenfeng, reported a 56.55% return in 2025, ranking second among China's top quant funds. According to Simu Ranking data, the fund's assets under management (AUM) have surpassed 70 billion CNY. Lingjun Investment led the performance list with a 73.51% return.
Strong Long-Term Performance: 114% Over Five Years
Over the past three years, Huanfang Quantitative has delivered an average return of 85.15%, and 114.35% over five years. Founded in 2008, the firm is renowned for its expertise in mathematics, computing, and artificial intelligence, solidifying its position as a heavyweight in China's quantitative investment landscape.
Profits Fuel DeepSeek’s Next-Gen AI Model
The fund’s robust performance has significantly boosted research and development funding for DeepSeek, another venture led by Liang Wenfeng. DeepSeek plans to launch its new AI model, DeepSeek V4, in February 2026, a move expected to reshape the competitive dynamics of the global AI industry.
Industry observers highlight a growing synergy between quantitative finance and cutting-edge AI: profits from high-frequency trading and machine-learning strategies are being channeled into ambitious AI projects. This cross-sector model enables DeepSeek to secure substantial R&D budgets while demonstrating the unique role of Chinese quant funds in the tech ecosystem.
As DeepSeek V4’s launch approaches, market attention will focus on whether the “quant-funded AI” model can sustain its momentum and drive further innovation.