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"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 to

"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?

sebmellen 2y ago
Chinese stocks are nowhere near American prices.
csomar 2y ago
I think that's the value of the fund not AUM. BlackRock has 11trillion of AUM but only 39bn of equity.
- rfoo 2y ago
  幻方's peak AUM was just between $15-$20bn (more than 1e11 CNY but not that much) though.