After the size of private equity funds surpassed 9 trillion yuan, the fluctuation tolerance of a single strategy is becoming a core concern on the capital side. A China Securities News reporter recently learned from industry research that against the backdrop of increased market fluctuations since this year, “multi-strategy” products such as quantitative multi-strategy, macro-multi-strategy, multi-asset FOF/MOM, and risk budgeting multi-strategy have quietly increased on channel shelves. However, under the word “diversification”, the degree of commercialization is uneven: some have formed continuous actual trading, clear attribution, and unified risk control, while others are still at the stage of strategic planning or even conceptual packaging. Combining the practices of many private equity firms and the observations of third-party channel agencies, several mature models of diversified strategies are emerging, and the financial side's selection logic and the supporting capacity of the channel ecosystem are still key variables that determine how far they can go.

After the size of private equity funds surpassed 9 trillion yuan, the fluctuation tolerance of a single strategy is becoming a core concern on the capital side. A China Securities News reporter recently learned from industry research that against the backdrop of increased market fluctuations since this year, “multi-strategy” products such as quantitative multi-strategy, macro-multi-strategy, multi-asset FOF/MOM, and risk budgeting multi-strategy have quietly increased on channel shelves. However, under the word “diversification”, the degree of commercialization is uneven: some have formed continuous actual trading, clear attribution, and unified risk control, while others are still at the stage of strategic planning or even conceptual packaging. Combining the practices of many private equity firms and the observations of third-party channel agencies, several mature models of diversified strategies are emerging, and the financial side's selection logic and the supporting capacity of the channel ecosystem are still key variables that determine how far they can go.