In July, quantitative private equity experienced a significant drawdown, and multiple products from Huanfang have turned negative in returns for the year.

In July, the domestic quantitative private equity industry has been struggling. According to the latest data from Private Equity Ranking Network, many quantitative institutions experienced significant and widespread drawdowns in July, with some products turning from positive to negative returns for the year, and monthly declines exceeding 20%. Specifically, as of July 31, 2026, among the 9 showcased products under Huansquare Quantitative, only the Jiu Zhang Huansquare CSI 500 Quantitative Multi-strategy No. 2 still has a slight positive annual return of 0.04%, while the other 8 products have all posted negative annual returns. Among them, Huansquare Quantitative Xinhui 500 Index Special No. 19 has seen a drop of 3.84% in net value since the beginning of the year. Even more concerning is the monthly performance, as all 9 products under Huansquare experienced monthly declines exceeding 20% in July, with the largest drawdown coming from Huansquare CSI 500 Quantitative Growth No. 1, which saw a monthly net value drop of 22.15%.