Quantitative giant Magic has announced the abandonment of its neutral strategy

On October 18th, quantitative giant Magic Square Quantitative issued an announcement to investors on October 18th, saying that due to changes in the market environment, it is difficult for hedge series products to achieve profits and reduce risk exposure at the same time, the potential income-risk ratio has decreased significantly, and the future income will be significantly lower than investors' expectations. Considering the risk attributes of hedge products, the company will gradually reduce the investment position of all hedge products to 0, and at the same time waive the management fee in the later stage of hedge series products from October 28, 2024. Magic Square Quantitative said that the company's hedge product stock is small and is not expected to have an impact on the market. At the same time, it is recommended that investors make comprehensive judgments and adjust their investment portfolios in a timely manner.