Fant Square Quantitative Products Drop 20% Monthly, 8 of 9 Turn Negative

Liang Wenfeng's Fant Square sees 8/9 products turn negative YTD. Single-month NAV drops exceed 20%, challenging AI-driven strategy resilience amid market volatility.

Woofun AI data shows that as of July 31, 2026, eight of nine major quantitative products from Liang Wenfeng’s Fant Square Quantitative shifted to negative year-to-date returns. Only the "Jiuzhang Fant Square CSI 500 Quantitative Multi-Strategy No. 2" retained a 0.04% gain, while some products suffered monthly net value declines exceeding 20%. Ningbo Fant Square Quantitative, founded by DeepSeek creator Liang Wenfeng, utilizes proprietary hash rate clusters and deep learning models for its investment process. Previously managing over 100 billion yuan in assets, the firm is recognized for its full AI-driven approach, though recent performance contrasts with past alpha generation in CSI 500 and CSI 1000 index enhancement products.