Quantitative private placements are apologizing again? Many companies respond: it is actually mostly operational instructions.

A so-called "apology list" covering more than a dozen quantitative private equity funds has been widely circulated on social media platforms, involving many well-known billion-dollar level quantitative institutions. According to market rumors, the so-called quantitative private equity apologies are basically divided into two waves. The first wave mainly occurred between May 20th and June 26th, during which the CSI Dividend Index fell by about 10.2%, and the Micropoint Index fell even more significantly, by about 20.63%. The second wave mainly appeared between July 1st and July 10th, with adjustment pressure shifting to the growth style, with the Science and Technology Innovation Board Index falling by about 6.47% and the ChiNext Index falling by about 11.51%. The reporter found that the so-called apologies were actually misinterpreted and were mostly operational explanations of communication between companies and investors, which were interpreted by the market as apologies. A person from a billion-dollar level quantitative private equity fund told the reporter that since 2026, the excess returns of quantitative strategies have indeed been under pressure overall, and the difficulty of obtaining excess returns has increased, but issuing operational explanations and communicating with investors are normal operations, far from the level of apologies.