Sub Index - Equity Long / Short Directional

Managers in this space are looking to maximise returns for their investors with relatively unconstrained, long-biased mandates (net exposure typically >50%). While there is still a focus on generating absolute returns, with managers having the ability to hedge exposures, volatility is it expected to be higher than the Conservative cohort of funds.

Strategy AUM
30 June 2023
£11.7b
-25.2% YoY

Performance

Monthly Returns

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YTD
2023 3.9 -1.2 0.1 -0.1 -1.5 1.5 1.8 -1.5 3.0
2022 -2.9 -1.6 -0.2 -1.6 0.1 -3.4 1.4 -0.5 -3.5 0.8 4.5 -0.7 -7.7
2021 -0.8 3.4 1.2 2.0 0.9 -0.3 -1.0 1.0 -0.7 1.3 -1.9 1.3 6.3
2020 -0.4 -3.2 -7.4 4.9 1.7 2.0 1.7 2.9 -1.1 -1.0 6.3 3.3 9.2
2019 3.2 1.0 0.5 1.6 -2.2 2.1 0.5 -0.9 -0.4 0.4 1.1 2.0 9.1
2018 2.6 -1.3 -1.2 0.5 0.8 -0.5 0.5 -0.7 -0.5 -4.5 -0.3 -3.3 -7.8
2017 1.7 0.8 0.9 0.6 1.6 0.1 1.4 0.9 0.5 1.7 0.2 0.8 11.7
2016 -3.9 -1.1 0.7 -0.5 0.9 -1.6 2.6 0.4 0.5 -0.5 -0.2 0.7 -2.3
2015 0.8 2.1 1.0 1.1 1.4 -1.5 0.4 -2.1 -1.5 1.8 0.2 -0.2 3.6
2014 -0.3 2.8 -1.2 -1.9 0.4 0.2 -0.6 1.4 -0.1 -0.2 1.7 0.2 2.3
2013 4.1 1.2 0.9 0.5 2.3 -2.1 3.0 -0.8 1.9 2.8 1.7 1.8 18.7
2012 2.7 3.3 -0.3 -0.5 -3.3 0.6 0.8 1.0 1.4 1.1 1.2 1.2 9.4
2011 -0.3 0.4 0.4 1.4 -0.8 -0.4 -0.5 -3.6 -4.4 3.9 -1.5 -0.1 -5.4
2010 -1.3 2.0 2.3 0.2 -1.9 -1.4 1.3 -0.1 4.9 1.7 0.3 2.9 11.3
Show all
  • Region Global
  • Currency Local Currency
  • Frequency Monthly Rebalancing
  • Methodology Equally Weighted
  • Download Index Return Series

Index Constituents

Filter by:
Name Inception Date Geography AUM AMC Perf. Fee Hurdle Min Inv. Liquidity MTD YTD 2022 1W 1M 3M 6M 1Y 2Y 3Y ISIN Liquidity Domicile Inv. Adviser Portfolio Manager UN PRI Signatory Companywide ESG Policy SFDR ESG Data Integration Active Ownership ESG Exclusion List Return Consistency
Percentile Rank
Performance
Percentile Rank
Diversifier
Percentile Rank
Downside Protection
Percentile Rank
Low Risk
Percentile Rank
Albemarle Long Short Fund Oct 2020 Global £5m 1.50% 15% Daily 0.0 IE00BL641G52 Daily Ireland Albemarle Asset Management Ltd Massimo Massimilla
Alger SICAV - Alger Dynamic Opportunities Fund Aug 2014 US £55m 0.85% 100,000 Daily -4.3 -5.3 -14.3 -3.0 -2.5 -8.0 -2.8 -1.1 -26.8 -5.6 LU1083693371 Daily Luxembourg Fred Alger Management, LLC Dan Chung, CFA; Greg Adams,... Yes Yes Article 6 No Yes N/A 16 57 20 7 7
Alken Fund Absolute Return Europe Jan 2011 Europe £97m 1.50% 20% Yes 0 Daily -0.9 -0.5 7.7 -1.0 -0.3 2.4 1.1 3.9 8.6 15.0 LU0572586674 Daily Luxembourg Alken Asset Management Nicolas Walewski Yes Article 8 85 72 40 33 46
Alkeon UCITS Jul 2011 Global £47m 2.00% 20% 1,000,000 Weekly -6.6 13.1 -40.6 -4.5 -3.8 -4.7 2.6 12.0 -40.0 -38.9 IE00BGB6B277 Weekly Ireland Alkeon Capital Management, LLC Takis Sparaggis Article 6 0 1 22 0 0
Alliance Bernstein Select Absolute Alpha Portfolio Mar 2012 US £546m 1.00% 20% 500,000 Daily -1.2 4.3 -9.9 -1.1 -0.3 -0.1 5.3 4.9 -2.8 13.0 LU0736560284 Daily Luxembourg Alliance Bernstein Kurt Feuerman, Anthony Nappo Article 8 53 81 7 11 50
Allspring (Lux) Worldwide - Global Long/Short Equity Oct 2017 Global £90m 0.75% 20% 1,000,000 Daily -0.3 -1.6 -5.2 0.1 0.7 -0.4 2.4 5.9 -1.1 7.1 LU1699723380 Daily Luxembourg Allspring Global Investments David Krider, Dennis Bein, ... Article 6 43 70 21 10 27
Alpha UCITS - Amber Equity Oct 2013 Europe £34m 1.50% 20% 500,000 Weekly 0.0 0.2 0.7 1.3 LU0968832344 Weekly Luxembourg Amber Capital Giorgio Martorelli 39 80 66 49 76
Alquant Convexus May 2022 US £8m 0.75% 0% No 0 Daily 0.0 LU2220388479 Daily Luxembourg Alquant S.A. Alquant S.A. No No Article 6 No N/A N/A
Antipodes Global Fund Jul 2017 Global £154m 1.10% 20% Yes 1,000,000 Daily -1.7 6.3 -9.2 -0.5 -0.2 -1.5 -0.5 19.3 -3.0 21.8 IE00BYPF2Y51 Daily Ireland Antipodes Global Investment... Jacob Mitchell Yes Yes Article 8 Yes Yes N/A 28 90 15 9 19
Aperture European Innovation Fund Dec 2019 Europe £414m 0.30% 30% Yes 100,000 Daily -2.4 11.0 -16.2 -1.1 -0.7 -2.5 3.5 16.2 -2.5 35.5 LU2077746936 Daily Luxembourg Aperture Investors Anis Lahlou Yes Yes Article 8 Yes Yes N/A 51 95 11 3 12
AQR Sustainable Delphi Long-Short Equity UCITS Fund Oct 2018 Global £122m 1.40% 0% No 100,000 Daily 1.2 10.1 -6.6 0.3 2.2 3.9 7.5 17.6 12.0 27.1 LU1842777788 Daily Luxembourg AQR Capital Management Andrea Frazzini, Michele Ag... Yes Yes Article 8 Yes Yes Yes 75 86 47 18 45
Ardevora Global Equity Fund Feb 2011 Global £212m 0.50% 25% No 5,000 Daily -1.0 2.1 -15.3 -2.1 0.4 1.7 1.4 -2.4 -9.8 0.8 IE00B3QBT006 Daily Ireland Ardevora Asset Management LLP Ben Fitchew, Jeremy Lang, W... Yes No Article 8 No Yes N/A 31 40 21 2 12
Argonaut Absolute Return Feb 2009 Europe £99m 0.75% 20% Yes 0 Daily 2.0 4.2 11.1 1.0 2.8 4.5 2.1 5.9 30.3 11.0 GB00B7MC0R90 Daily UK Argonaut Capital Partners Barry Norris No No Article 6 No N/A N/A 51 69 61 91 17
BANOR SICAV Greater China Equity Jan 2013 Asia £92m 1.40% 17.5% 500,000 Daily -2.4 -8.7 -31.9 -0.5 1.8 0.9 -7.4 0.1 -48.1 -61.3 LU1082251577 Daily Luxembourg Banor Capital Ltd 0 0 62 6 0
BANOR SICAV Mistral Long Short Equity Jun 2010 Europe £88m 1.40% 17.5% 500,000 Daily 1.2 4.0 15.5 1.6 1.1 4.4 3.6 10.7 21.2 47.9 LU0510654501 Daily Luxembourg Banor Capital Ltd 59 86 85 86 43
Banor SICAV Volta Long Short Equity Fund Jul 2011 US £28m 1.40% 17.5% 1,000 Daily 1.3 4.6 2.7 0.5 2.3 4.3 10.1 5.7 6.6 42.5 LU1082251734 Daily Luxembourg Westbeck LLP Will Smith Article 8 61 91 41 24 46
BDLCM Funds - Rempart Sep 2005 Europe £35m 1.50% 20% 10,000,000 Weekly 0.3 -0.4 15.4 1.2 2.3 -0.7 8.5 17.5 57.8 LU1321110816 Weekly Luxembourg BDL Capital Management Hughes Beuzelin, Bastien Be... 80 95 72 83 57
Belgravia Lynx Oct 2011 Europe £7m 1.00% 9% None 10 Daily 0.0 LU0691314768 Daily Luxembourg Auriga Asset Management Carlos Cerezo 9 69 62 26 60
Bestinver Tordesillas SICAV - Iberia Long‐Short Jun 2016 Europe £47m 1.00% 10% No 1,000,000 Daily -1.0 3.2 -9.4 -0.2 -0.6 0.6 3.7 1.5 -4.7 9.5 LU1375654982 Daily Luxembourg Bestinver Ricardo Seixas Yes Yes Article 6 Yes N/A N/A 14 53 62 29 51
BNP Paribas Environmental Absolute Return Thematic Equity (EARTH) Jul 2020 Global £32m 0.75% 20% Daily -12.0 -15.1 -24.9 -3.9 -11.3 -20.2 -16.6 -30.4 -41.7 -37.7 LU2066067898 Daily Luxembourg BNP Paribas Asset Management Edward Lees, Ulrik Fugmann Article 8 10 2 43 1 2
Boston Partners Global Long/Short Nov 2017 Global £39m 1.00% 15% 500,000 Daily 1.8 3.1 16.2 -0.2 2.4 1.3 6.0 14.4 25.5 63.8 LU1683353343 Daily Luxembourg Boston Partners Global Inve... Christopher K. Hart, CFA an... Article 6 87 98 48 72 75
Brilliance China Core Long Short Fund Apr 2018 Asia £49m 2.00% 20% Weekly 0.0 IE00BDFK4D67 Weekly Ireland Brilliance Capital Management Brilliance Capital 1 2 93 96 1
Brook European Focus Absolute Return Jan 2016 Europe £77m 0.75% 20% No 1,000,000 Daily 0.8 6.6 17.8 -0.4 1.5 4.0 3.9 16.5 26.9 64.4 IE00BZ1J0335 Daily Ireland Odey Asset Management Oliver Kelton Yes Yes Article 6 No N/A N/A 77 97 65 82 69
ChinaAMC China Growth Fund Apr 2011 Asia £5m 1.00% 20% None 500,000 Weekly -1.4 -4.7 -7.0 -0.6 -0.9 -3.4 -3.1 -3.5 -12.2 0.6 LU0573366928 Weekly Luxembourg China Asset Management Ltd. Tian Gan 50 92 97 92 81
Coeli Renewable Opportunities Feb 2023 Global £26m 1.00% 20% Daily -3.8 -1.1 -3.1 -5.9 1.2 LU2437561033 Daily Luxembourg Coeli Asset Management AB Joel Etzler, Vidar Kalvoy
Credit Suisse Small and Mid Cap Alpha Long/Short Jul 2010 Europe £229m 1.80% 20% 3,000,000 Weekly -2.1 2.9 -8.9 -0.7 -0.9 -0.9 -0.3 9.8 -8.5 -6.3 LU0525285937 Weekly Luxembourg Credit Suisse Asset Managem... Felix Mayer, Jan Berg, Gian... Article 8 24 24 6 11 13
CRM Long/Short Opportunities UCITS Dec 2015 US £71m 0.75% 15% 50,000,000 Daily -1.9 3.4 -5.1 -1.3 -1.6 -1.2 3.1 7.3 2.9 12.5 IE00BD4DSN47 Daily Ireland Cramer Rosenthal McGlynn, LLC Jay Abramson Article 8 68 82 26 14 53
Dalton Asia Pacific UCITS Jul 2013 Asia £117m 1.50% 15% No 1,000,000 Daily 1.8 9.7 -4.1 -0.3 2.4 5.0 6.6 7.2 7.2 37.1 IE00BFXZM553 Daily Ireland Dalton Investments James B. Rosenwald III Yes Yes Article 8 Yes Yes N/A 49 85 60 41 67
DECALIA Muse Dec 2015 Global £17m 0.90% 10% Daily -4.6 7.3 -29.2 -2.5 -1.9 -5.0 3.3 14.2 -25.5 -4.8 LU1328694218 Daily Luxembourg DECALIA Asset Management Sandro Occhilupo, Damien We... 27 54 3 1 3
DNCA Invest - Venasquo May 2015 Europe £123m 1.00% 20% 200,000 Daily -0.9 11.8 -7.7 -0.2 0.4 -0.1 1.9 22.2 4.7 33.7 LU1526313249 Daily Luxembourg DNCA Finance Luxembourg Mathieu Picard, Alexis Albert
E.I. Sturdza Funds plc - Strategic Long Short Fund Jan 2022 Global £62m 1.00% 15% 1,000,000 Daily -2.6 -0.8 -0.8 -1.7 -2.6 -3.7 IE0009O2NRD1 Daily Ireland Crawford Fund Management LLC Christopher L. Crawford Article 8
Ennismore European Smaller Companies Fund Jan 1999 Europe £292m 2.00% 20% No 5,000 Daily 2.7 -2.1 3.7 0.3 3.1 3.3 0.6 1.4 2.9 31.2 IE0004515239 Daily Ireland Ennismore Fund Management Tom Hearn, Christian Fiesse... No No Article 6 No Yes N/A 58 76 93 74 60
Ennismore Global Equity Fund Oct 2016 Global £96m 2.00% 20% No 15,000 Daily 5.3 11.3 5.3 2.7 5.2 9.0 9.3 20.8 17.1 23.5 IE00BDB52S65 Daily Ireland Ennismore Fund Management Geoff Oldfield, Richard Stu... No No Article 6 No Yes N/A 59 40 67 81 19
Fiera OAKS Emerging and Frontier Opportunities Sep 2013 Emerging Markets £147m 1.50% 20% 500,000 Weekly -1.4 17.8 -11.0 -0.6 0.2 6.1 15.3 12.2 9.8 80.7 IE00B95L3899 Weekly Ireland Fiera Capital Stefan Bottcher, Dominic Bo... Article 8 60 99 37 24 44
Finlabo Dynamic Emerging Markets May 2010 Emerging Markets £6m 1.50% 20% 50,000 Daily 0.6 -4.5 -5.3 0.1 0.4 -2.1 -2.4 -7.7 -11.0 8.4 LU0507282183 Daily Luxembourg Finlabo SIM Alessandro Guzzini, Anselmo... 48 66 68 36 48
Finlabo Dynamic Equity Jun 2008 Europe £55m 1.50% 20% 50,000 Daily 0.1 0.1 -1.7 0.4 0.9 2.0 1.2 -0.8 -2.8 15.1 LU0507282852 Daily Luxembourg Finlabo SIM Alessandro Guzzini, Anselmo... 61 62 66 52 50
Finlabo Dynamic US Equity May 2010 US £4m 1.50% 20% 50,000 Daily 0.1 -15.1 21.5 0.6 -0.1 0.4 -4.3 -10.8 7.7 22.7 LU0507282423 Daily Luxembourg Finlabo SIM Alessandro Guzzini, Anselmo... 64 74 97 91 22
Franklin K2 Electron Global UCITS Fund Sep 2019 Global £191m 1.25% 15% 5,000,000 Daily -3.1 -6.7 11.7 -1.7 -2.6 -5.7 -3.5 -2.8 6.1 35.5 LU2164518057 Daily Luxembourg Electron Capital Partners Jos Shaver Article 8 74 99 40 21 58
Franklin K2 Wellington Technology Long Short UCITS Fund Sep 2019 Global £19m 1.20% 15% 5,000,000 Daily -4.1 14.8 -33.8 -1.6 -0.7 -0.2 9.8 4.2 -27.7 -16.7 LU2039786699 Daily Luxembourg Wellington Management John Averill, Bruce Glazer Article 6 15 4 29 3 1
Incline Global Long/Short Equity UCITS Dec 2015 Global £10m 1.50% 20% No 1,000,000 Daily -3.6 24.1 -30.9 -2.1 -1.9 0.3 14.7 19.4 -22.8 -17.2 IE00BYSPZ763 Daily Ireland International Asset Managem... Jeff Lignelli Yes Yes Article 6 No N/A N/A 17 5 21 1 2
Infusive Consumer Alpha Global Leaders Fund Jun 2016 Global £121m 1.00% N/A 1,000,000 Daily -4.6 -0.7 -28.3 -2.1 -3.2 -6.4 -2.9 3.6 -31.6 -25.7 LU1288897017 Daily Luxembourg Infusive Asset Management Jacques Jenny & Alexander C... 19 6 16 3 2
InRIS Parus Jul 2013 Global £152m 1.65% 20% No 350,000 Daily -0.5 -2.8 3.8 -0.2 0.2 -3.1 -2.0 1.2 1.0 28.5 IE00BCBHZC00 Daily Ireland Parus Finance (UK) Limited Fabrice Vecchioli, Edouard ... Yes Yes Article 8 Yes Yes Yes 90 92 70 90 78
Janus Henderson Horizon China Opportunities Fund Sep 2008 Asia £52m 1.00% 0% No 1,000,000 Daily -3.7 -13.3 -25.7 -1.5 -1.0 -4.0 -11.4 -3.9 -36.1 -40.4 LU0327786744 Daily Luxembourg Janus Henderson Investors May Ling Wee, CFA and Lin Shi Yes Yes Article 6 Yes Yes N/A 0 0 51 15 1
JPM US Opportunistic Long/Short Equity Oct 2015 US £73m 0.75% 15% 10,000,000 Daily 0.0 0.2 -19.3 1.0 0.9 6.1 -0.8 -12.1 -2.5 LU1297692201 Daily Luxembourg J.P.Morgan Asset Management Rick Singh Yes Article 8 8 36 50 23 8
Jupiter UK Dynamic Equity Jul 2009 UK £127m 1.00% 20% 100,000 Daily -2.2 -6.0 -28.9 -1.0 -0.1 -4.5 -0.1 -5.0 -36.6 -15.0 IE00BLP59322 Daily Ireland Merian Global Investors Luke Kerr Article 6 9 12 32 1 2
Jupiter UK Opportunities Sep 2011 UK £7m 0.75% 15% 100,000 Daily -0.2 3.9 -2.8 0.3 -0.1 0.1 2.1 5.7 -2.8 -3.3 GB00BBQ2T099 Daily UK Merian Global Investors Simon Murphy 23 20 45 47 49
Kairos ActivESG Nov 2019 Europe £92m 1.00% 20% 3,000,000 Daily -1.4 7.3 -11.1 0.1 -0.9 -3.0 1.0 6.3 -5.1 0.4 LU2058904249 Daily Luxembourg Kairos Partners Riccardo Valeri, Massimilia... Article 9 25 44 19 20 28
Kairos European Long/Short Jun 2016 Global £181m 1.50% 20% Daily -1.4 5.3 1.7 -1.3 -0.9 0.0 1.9 14.0 7.4 18.4 LU1420448380 Daily Luxembourg Kairos Partners Marcello Sallusti 53 70 56 37 31
Kairos International SICAV - Italia Jun 2013 Europe £235m 1.90% 3,000,000 Daily -0.7 9.1 -14.4 -0.1 0.4 1.6 4.4 12.7 -4.7 19.0 LU1135138375 Daily Luxembourg Kairos Partners Massimo Trabattoni, Vittori... 51 78 28 9 24
Kairos International SICAV - Key Jun 2013 Europe £67m 1.90% 3,000,000 Daily -0.6 8.1 -8.9 -0.8 0.1 -2.2 1.1 10.2 2.1 18.9 LU1135138532 Daily Luxembourg Kairos Partners Guido Brera, Oriana Bastian... 54 78 32 12 36
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Current Site Absolute Hedge is a market leading UCITS research database providing proprietary research on funds, themes and strategies in the UCITS space. Kepler Trust Intelligence is produced by the investment companies team at Kepler Partners and is the UK’s premier source of detailed qualitative research on investment trusts. Kepler Liquid Strategies is a Dublin domiciled UCITS fund platform featuring a number of best-of-breed fund managers. Kepler Partners is a corporate advisory and asset raising boutique specialising in the regulated funds market in Europe and investment trusts in the UK.