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by inSenCite 534 days ago
"Before Deepseek, CEO Liang Wenfeng’s main venture was High-Flyer (幻方), a top 4 Chinese quantitative hedge fund last valued at $8 billion"

Seems wild that a top 4 quant hedge fund is only $8B?
2 comments
csomar 534 days ago
I think that's the value of the fund not AUM. BlackRock has 11trillion of AUM but only 39bn of equity.
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rfoo 534 days ago
幻方's peak AUM was just between $15-$20bn (more than 1e11 CNY but not that much) though.
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sebmellen 534 days ago
Chinese stocks are nowhere near American prices.
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