Bloomberg: China Quant Fund AUM Doubles in Under a Year to 2.6 Trillion Yuan (~$384B) as AI Strategies Beat Human Discretionary Managers by 20 Percentage Points

Chinese quantitative funds have more than doubled AUM to 2.6 trillion yuan (~$384B) in under a year as AI-driven strategies trounced human traders, per Bloomberg July 2. Long-only stock quants gained 44.7% last year, beating discretionary rivals by 20.3 percentage points. Ubiquant raised 2.6 billion yuan in under two hours for a new fund in May; Shenzhen ChengQi, Ningbo Lingjun, and Shanghai Minority Asset Management are also cited as top players benefiting from rapid AI adoption in Chinese public markets.