Anonymous employees donated 138 million yuan, and Zhejiang private equity giants surfaced.

Reporter Li Yajie Yan Zi is the editor Chen Xiaoping.

The donation announcement of private equity funds surprised everyone.

In 2022, Magic Square Quantization donated a total of 221.38 million yuan to charity; Employees are "an ordinary pig" and individuals donate 138 million yuan to charity.

The employee’s real name was not disclosed.

Official website introduced that Magic Square Quantization is a hedge fund company that relies on mathematics and artificial intelligence to make quantitative investment. It was founded in 2015, and it won the Golden Bull Award of China Private Equity for five consecutive years, and was listed in the Top 100 Stock Strategy List in 2022.

By December 2022, its capital scale was close to 60 billion.

As one of more than 20 domestic quantitative private placements with management scale of tens of billions, Magic Square, Jin Kun, Ling Jun and Jiu Kun are also called the "four kings" of quantitative private placements. As early as 2019, it became a private equity camp with a peak of over 100 billion.

Magic Square owns two private securities institutions, Zhejiang Jiuzhang Assets and Ningbo Magic Square Quantitative Investment.

Eye-catching investigation shows that Zhejiang Jiuzhang Asset Management was established by three partners, namely Liang Wenfeng, Xu Jin and Zheng Da Wei, of which Liang Wenfeng holds 85% of the shares and is the actual controller, while Xu and Zheng each hold 7.5%. Chapter 9 Assets indirectly holds 51% shares of Ningbo Magic Square Quantitative Investment.

The actual controllers of both companies are Liang Wenfeng.

The founding partner team of Magic Square belongs to the quantitative "local faction", while other tens of billions of quantitative private equity funds and core teams mostly have overseas backgrounds such as Wall Street.

Among them, Xu Jin, one of the partners, is a doctor of signal and information processing in Zhejiang University. He has served as the technical director of several technology companies, and has profound software and hardware development capabilities, industrialization experience and outstanding leadership skills.

Lu Zhengzhe, CEO of Magic Square Quantization, studied in Zhejiang University with a bachelor’s degree and graduated from London School of Economics with a master’s degree. He once worked in the derivative investment department of CMB Asset Management, engaged in macro research and overseas derivative investment, and now works in Ningbo Magic Square Investment Research Department.

Official website showed that his strategy and development team included gold and silver medal winners in Olympic mathematics, physics and informatics, gold medal winners in ACM, leading figures in AI field, and doctors in various disciplines such as topology, statistics, operational research and cybernetics.

In addition to focusing on top talents, Magic Square Quantization also invests heavily in technology.

Beginning in 2020, its AI supercomputer "Firefly No.1" claims to be comparable to the super computing power of 40,000 personal computers, and the project cost nearly 200 million; In 2021, the construction of "Firefly II" will be started, with an estimated investment of 1 billion.

With the help of technology, the overall performance of Magic Square is better.

As of January 9, the donation announcement, the overall cumulative income of the products quantified by Magic Square was 170.57%, the annualized income was 18.05%, and the income in the last year was 12.26%.

In the 2022 annual performance ranking of tens of billions of private placements released by the private placement network, Jiuzhang Assets and Ningbo Magic Square Quantization are ranked 14th and 24th respectively.

In the past two years, the asset market has been changeable and suffered multiple shocks, and the magic square has also suffered twists and turns.

In mid-November, 2021, Magic Square announced the closure of the market and suspended the subscription of all its products (including additions); The next month, I felt deeply guilty that the product was withdrawn to the historical maximum.

Last year, the market turnover was once low, and a number of private equity firms made moves to buy their own products. Magic Square Quantization also announced that it would raise 350 million yuan to purchase the company’s products and invest in equity assets in the A-share market.

Since April 2022, the magic square’s quantitative performance has bottomed out, gradually picked up and returned to more than 10% positive income.

It is not the first time that the magic square has made a huge donation.

In 2021, the company set up a public welfare working group and donated a total of 230 million yuan to set up four sustainable public welfare projects for hundreds of underdeveloped areas and tens of thousands of children.

Official website shows that its largest public welfare project is the "Magic Square 1+1 Aid Program for Project Hope", which aims to provide financial assistance to girls in lower grade primary schools with family difficulties. It donates 150 million yuan every year for three years, which can help 145,500 students.

It is reported that the new round of donation is 359.58 million yuan, and Magic Square has completed the payment.