DeepSeek founder's Fantasia Quant achieved a 56.55% return last year, with assets under management exceeding 70 billion yuan.

BlockBeats News, January 14 — According to the latest data from Private Equity PaoPao.com cited by 21st Century Business Herald, DeepSeek founder Liang Wenfeng’s Fantasia Quantitative’s average return in 2025 reaches 56.55%, ranking second in China’s quant private equity performance list with assets under management exceeding 100 billion yuan, only behind Lingjun Investment, which has an average return of 73.51%. Currently, Fantasia Quantitative’s management scale has exceeded 700 billion yuan. According to Private Equity PaoPao.com data, Fantasia Quantitative’s average return over the past three years is 85.15%, and over the past five years is 114.35%.

Some analysts believe that Fantasia Quantitative’s impressive performance provides sufficient R&D funding for Liang Wenfeng’s DeepSeek. Fantasia Quantitative is one of the most well-known domestic quant private equity giants. It was founded by Liang Wenfeng in 2008 while studying Information and Communication Engineering at Zhejiang University. It is a hedge fund with genes in mathematics, computing, research, and AI. In 2019, Fantasia Quantitative’s assets under management broke 100 billion yuan, and in 2021, it once surpassed 1 trillion yuan.

Recently, there have been reports that DeepSeek will release a new generation flagship AI model, DeepSeek V4, in February. This model has powerful programming capabilities and is expected to have a significant impact on the current AI competitive landscape. (Jiemian News)