香港10月22日电——总部位于北京的量化基金灵均投资的一位高管表示，在面临中国监管机构的交易限制两年后，该公司正恢复募资，其海外分支机构已从美国和东南亚投资者那里吸引了至少3亿美元。
KONG, Oct 22 - Beijing-based quant fund Lingjun Investment's offshore arm has attracted at least $300 million from US and Southeast Asian investors, a top executive said, as it resumes fundraising two years after facing trading restrictions by Chinese regulators.
在上海和深圳证券交易所在2024年初因违规对其实施为期三天的交易禁令后，灵均的资产规模降至约500亿元人民币（约合74.9亿美元）。
Lingjun's assets dropped to around 50 billion yuan ($7.49 billion) after stock exchanges in Shanghai and Shenzhen barred it from trading for three days in early 2024 for breaking rules.
这两家中国交易所采取行动之际，中国正对量化基金展开监管整顿。量化基金利用统计技术和自动化算法做出投资决策，监管机构将其归咎于加剧了市场抛售。
The action by the two Chinese exchanges came amid a Chinese regulatory crackdown on quantitative funds, which use statistical techniques and automated algorithms to make investment decisions, blaming them for exacerbating a market selloff.
计算机驱动的量化交易已迅速发展成为中国资本市场的一支主要力量。随着当局寻求保护中小投资者，该行业吸引了更高的监管审查。
Computer-driven quantitative trading has grown rapidly into a major force in China's capital markets. The sector has drawn heightened regulatory scrutiny as authorities seek to protect smaller investors.
在人工智能驱动的创新以及实施更完善的风险控制后更好的回报前景的推动下，全球对中国量化行业的兴趣再度被点燃——这些因素帮助灵均重新获得了国际资本的青睐。
Global interest in China's quant sector has been reignited by AI-fuelled innovation and better return prospects following the implementation of improved risk controls - factors that helped Lingjun to regain access to international capital.
灵均投资董事长兼创始人蔡枚杰对路透社表示，该公司的香港分支机构灵均资本已从一家美国机构投资者和几家东南亚客户那里获得超过3亿美元的资金。
The firm's Hong Kong unit, Lingjun Capital, has secured more than $300 million from a US institutional investor and several Southeast Asian clients, Cai Meijie, chairwoman and founder of Lingjun Investment, told Reuters.
她说，该公司还在就获得一家东南亚主权财富基金150万美元（注：此处原文为150 million，即1.5亿美元）的配置进行深入谈判，并正在积极向中东投资者推销其策略。
The firm is also in advanced talks for a $150 million allocation from a Southeast Asian sovereign wealth fund and is actively marketing its strategies to investors in the Middle East, she said.
于2014年创立灵均的蔡枚杰表示，由量化基金幻方量化孵化的人工智能初创公司DeepSeek的成功，引发了对中国资产的重新评估，并改善了外界对中国量化基金的看法。
Cai, who founded Lingjun in 2014, said the success of AI startup DeepSeek, which was incubated by a quant fund called High-Flyer, has sparked a re-rating of Chinese assets and improved perceptions of the country's quant funds.
她说：“人们正在从一个新的角度看待中国的量化基金。这越来越关乎人工智能如何应用于投资”，这与认为量化基金纯粹依靠算法优势牟利的传统观点有所转变。
"People are looking at Chinese quant funds from a new angle. It's increasingly about how AI can be applied in investment," she said, a shift from the traditional view that quant funds simply profited from algorithmic advantages.
在两年前的监管整顿之前，灵均的管理规模曾达到1000亿元人民币（约合149.8亿美元）的峰值，成为中国顶尖的四大量化基金之一。
Lingjun managed 100 billion yuan ($14.98 billion) at its peak to become one of China's top four quant funds before the regulatory crackdown two years ago.
蔡枚杰说：“我们有两年时间没有进行任何募资活动。我们直到3月份才重新开始在境内募资，并刚刚恢复海外募资，因为我们想看看我们的改革是否真的有效。”
"We didn't conduct any fundraising activities for two years," Cai said. "We only restarted onshore fundraising in March and just resumed fundraising overseas, because we wanted to see whether our reforms were truly effective."
她表示，该公司当时的治理还不够完善，并补充说监管行动是一个“惨痛的教训”。灵均自那以后采取的措施包括将风险管理团队的规模扩大一倍、将风险检查嵌入交易系统，以及成立一个由五人组成的投资委员会以规范决策程序。
The firm's governance was insufficient at the time, she said, adding that the regulatory action was a "hard-learned lesson." The measures Lingjun has taken since then include doubling the size of its risk-management team, embedding risk checks into trading systems and forming a five-member investment committee to standardise decision-making procedures.
基金销售网站私募排排网的数据显示，其旗舰股票基金去年成为中国表现最好的对冲基金之一，回报率超过70%。而在今年前九个月里，该基金获得了超过10%的收益。
Its flagship equity fund became one of the top-performing hedge funds in China last year, delivering a return of more than 70%, data from fund distributor Simuwang.com shows. And in the first nine months of this year, it gained more than 10%.
相比之下，中国基准的沪深300指数去年上涨了18%，尽管今年截至9月该指数下跌了6%。
By comparison, China's benchmark CSI 300 was up 18% last year, though it is down 6% this year through September.