Net asset value fell by nearly 15% in two weeks? The billion-dollar quantitative private equity fund Ming Chong investment macro strategy product is suspected of "flipping over".

Recently, some netizens claimed on social media platforms that there has been a significant decline in the net asset value of some macro strategy products under the well-known billion-dollar quant hedge fund Mingyang Investment. According to relevant screenshots, as of March 23, the cumulative net asset value of "Mingyang Macro Valley Autumn 2nd Phase" was 0.8054, compared to the previous cumulative net asset value of 0.9441 updated on March 9, the net asset value had fallen by approximately 14.69% in about two weeks, while the Shanghai and Shenzhen 300 index only fell by 4.28% during the same period. Net asset value screenshots shared by other investors also showed that other macro strategy products under Mingyang Investment such as "Mingyang Macro 1st Phase" and "Mingyang Macro Xue Xiang" had net asset value declines of over 14% between March 9 and March 23, 2026.