High-Flyer Quant, co-owned by DeepSeek founder and CEO Liang Wenfeng, recorded a return of 56.6 per cent last year to rank second among China’s 10 top-performing large hedge-fund firms.
According to the ranking published on Monday by data provider Shenzhen PaiPaiWang Investment & Management, High-Flyer only trailed behind Lingjun Investment, which posted a return of 73.5 per cent in 2025.
All the top performers were quantitative hedge funds, underscoring the popularity in China of using complex…
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