AH Equity Long / Short UCITS Index

Equity Long/Short is an investing strategy that seeks to profit from stock specific fundamentals by taking long positions in stocks that are expected to appreciate, and short positions in stocks that are expected to decline. By having both long and short equity positions, funds can benefit from the spread in performance between the longs and shorts, while reducing, but not totally neutralising, the overall level of exposure to the market (the universe in aggregate remains positively correlated to equities). This is a very heterogenous sector with variety of investment styles, investment philosophies, and overarching approach to portfolio construction (leverage, concentration, level of directionality, etc.) being employed, leading to a broader range of potential outcomes.

Strategy AUM
31 December 2023
£27.2b
-21.6% YoY

Performance

Monthly Returns

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YTD
2024 0.2 1.7 1.9
2023 2.9 -0.9 0.3 0.0 -0.8 1.0 1.2 -0.8 -0.8 -1.2 2.8 1.7 5.4
2022 -2.0 -1.1 -0.1 -1.2 -0.4 -2.3 1.1 -0.3 -2.4 0.8 2.7 -0.3 -5.4
2021 -1.1 2.6 0.9 1.6 0.4 -0.1 -0.5 0.7 -0.5 1.0 -1.4 1.0 4.8
2020 -0.2 -2.5 -5.2 3.6 1.1 1.5 1.3 1.9 -0.6 -0.6 4.2 2.5 6.8
2019 2.1 0.7 0.2 0.9 -1.3 1.2 0.4 -0.5 -0.2 0.3 0.8 1.3 6.1
2018 1.7 -0.9 -0.5 0.4 0.6 -0.4 0.3 -0.3 -0.4 -3.0 -0.6 -1.9 -4.9
2017 1.0 0.3 0.8 0.6 0.9 0.0 0.9 0.5 0.4 0.9 -0.1 0.5 6.9
2016 -2.6 -0.9 0.4 -0.5 0.8 -1.3 1.6 0.3 0.4 -0.4 -0.3 0.7 -1.8
2015 0.9 1.7 0.7 0.7 1.2 -1.2 0.6 -1.4 -1.0 1.4 0.3 0.0 3.8
2014 -0.2 2.1 -1.0 -1.5 0.4 0.3 -0.8 0.9 -0.2 -0.3 1.0 0.0 0.6
2013 2.6 0.8 0.7 0.2 1.3 -1.1 2.4 -0.6 1.2 2.0 1.0 1.3 12.3
2012 2.3 2.2 -0.6 -0.3 -2.9 0.4 0.9 0.6 1.3 0.7 0.6 0.8 6.2
2011 -0.4 -0.1 0.5 0.8 -0.9 -0.4 -0.3 -3.7 -2.4 2.2 -1.7 -0.6 -6.8
2010 -1.2 0.3 1.9 0.2 -3.1 -1.4 1.4 -0.5 3.3 1.4 -0.1 2.4 4.4
Show all
  • Region Global
  • Currency Local Currency
  • Frequency Monthly Rebalancing
  • Methodology Equally Weighted
  • Download Index Return Series

Index Constituents

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Name Inception Date Sub-Strategy Geography AUM AMC Perf. Fee Hurdle Min Inv. Liquidity MTD YTD 2023 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
Heptagon Kettle Hill US L/S Equity Oct 2017 Conservative US £74m 1.50% 15% 2,000,000 Daily 1.4 11.1 1.2 2.6 4.9 9.3 10.8 8.9 7.1 IE00BF1D7H82 Daily Ireland Kettle Hill Capital Management Andrew Kurita Article 6 50 65 45 32 38
IAM Carrhae Capital UCITS Mar 2022 Conservative Emerging Markets £98m 1.50% 20% 1,000,000 Weekly -0.1 -2.9 -2.7 -0.4 -3.1 -3.2 -5.8 3.3 IE0005NN50H5 Weekly Ireland Carrhae Capital Ali Akay
Iguana Investments Long/Short Equity Fund Apr 2021 Conservative UK £80m 0.80% 0% No 10,000,000 Daily 4.7 -4.0 0.2 1.5 6.5 6.9 3.4 IE00BMD7VL99 Daily Ireland Iguana Investments Ltd Chris Reid No Yes Article 8 Yes Yes N/A
Incline Global Long/Short Equity UCITS Dec 2015 Directional Global £6m 1.50% 20% No 1,000,000 Daily 5.1 31.1 0.4 3.8 9.1 6.1 23.3 7.7 -15.6 IE00BYSPZ763 Daily Ireland International Asset Managem... Jeff Lignelli Yes Yes Article 6 No N/A N/A 15 3 22 1 2
Infusive Consumer Alpha Global Leaders Fund Jun 2016 Directional Global £120m 1.00% N/A 1,000,000 Daily 4.5 5.5 -0.5 1.9 6.5 6.2 9.4 -5.1 -31.5 LU1288897017 Daily Luxembourg Infusive Asset Management Jacques Jenny & Alexander C... 21 1 9 1 1
InRIS Parus Jul 2013 Directional Global £124m 1.65% 20% No 350,000 Daily 5.5 -6.6 -0.6 3.1 3.4 1.0 1.5 1.8 14.6 IE00BCBHZC00 Daily Ireland Parus Finance (UK) Limited Fabrice Vecchioli, Edouard ... Yes Yes Article 8 Yes Yes Yes 81 74 76 80 67
Janus Henderson Absolute Return Fund Apr 2009 Conservative UK £907m 1.00% 20% Yes 500,000 Daily 0.1 1.4 6.8 0.3 0.5 2.3 4.2 6.5 9.1 9.8 GB00B5KKCS68 Daily UK Janus Henderson Investors Ben Wallace, Luke Newman Yes Yes Article 6 Yes Yes N/A 71 56 18 48 78
Janus Henderson Absolute Return Fund (Lux) Mar 2005 Conservative UK £1.8b 1.00% 20% Yes 1,000,000 Daily 1.2 7.0 0.0 0.4 2.1 4.2 6.4 9.7 10.4 LU0200083342 Daily Luxembourg Janus Henderson Investors Ben Wallace, Luke Newman Yes Yes Article 6 Yes Yes N/A 80 59 20 51 83
Janus Henderson European Absolute Return Fund Jan 2009 Conservative Europe £26m 0.75% 20% Yes 3,000,000 Daily 0.1 2.8 7.3 0.1 2.9 4.1 8.3 7.0 13.6 13.5 GB00B3CPX375 Daily UK Janus Henderson Investors John Bennet, Robert Schramm... Yes Yes Article 6 Yes Yes N/A 63 74 30 38 53
Janus Henderson Horizon China Opportunities Fund Sep 2008 Directional Asia £46m 1.00% 0% No 1,000,000 Daily -0.3 -3.4 -16.6 -1.5 5.2 -5.1 -10.6 -20.7 -36.3 -55.0 LU0327786744 Daily Luxembourg Janus Henderson Investors May Ling Wee, CFA and Lin Shi Yes Yes Article 6 Yes Yes N/A 0 0 61 4 1
Janus Henderson Horizon Pan European Absolute Return Fund Dec 2006 Conservative Europe £198m 1.00% 20% Yes 1,000,000 Daily 0.1 2.3 4.7 0.0 2.6 3.5 7.2 4.6 7.8 5.7 LU0264597617 Daily Luxembourg Janus Henderson Investors John Bennett, Robert Schram... Yes Yes Article 6 Yes Yes N/A 26 50 32 34 35
JMS AlphaCore One Apr 2008 Conservative Europe £176m 1.00% 20% 20,000 Weekly -0.2 9.9 0.4 0.2 4.8 5.4 5.7 6.6 IE00BF0W0N34 Weekly Ireland JMS Invest AG Jean-Marc Mueller, Michael ... Article 8 32 29 31 29 34
Jupiter UK Dynamic Equity Jul 2009 Directional UK £105m 1.00% 20% 100,000 Daily 0.8 1.4 -2.4 0.5 0.5 8.2 3.3 -2.3 -13.8 -26.9 IE00BLP59322 Daily Ireland Merian Global Investors Luke Kerr Article 6 1 2 20 1 0
Jupiter UK Opportunities Sep 2011 Directional UK £7m 0.75% 15% 100,000 Daily -0.1 0.0 5.9 0.3 0.2 1.0 2.0 4.5 6.5 -0.6 GB00BBQ2T099 Daily UK Merian Global Investors Simon Murphy 43 29 27 44 55
Jupiter UK Specialist Equity Apr 2016 Conservative UK £28m 1.00% 20% 10,000 Daily -0.2 3.9 4.7 0.5 1.3 3.1 7.5 9.1 4.1 -2.2 IE00BYXJSC96 Daily Ireland Merian Global Investors Tim Service Article 6 29 14 63 57 30
Kairos ActivESG Nov 2019 Directional Europe £81m 1.00% 20% 3,000,000 Daily -0.6 14.3 -0.1 -1.0 2.0 4.8 6.1 7.3 1.4 LU2058904249 Daily Luxembourg Kairos Partners Riccardo Valeri, Massimilia... Article 9 23 30 24 20 26
Kairos European Long/Short Jun 2016 Directional Global £94m 1.50% 20% Daily 0.2 8.9 -0.1 0.2 -0.1 2.1 9.4 27.1 16.2 LU1420448380 Daily Luxembourg Kairos Partners Kairos Partners 60 80 43 38 33
Kairos International SICAV - Italia Jun 2013 Directional Europe £187m 1.90% 3,000,000 Daily 1.6 10.6 -0.6 1.7 2.9 2.3 5.6 7.0 11.2 LU1135138375 Daily Luxembourg Kairos Partners Massimo Trabattoni, Vittori... 56 66 21 12 23
Kairos International SICAV - Key Jun 2013 Directional Europe £70m 1.90% 3,000,000 Daily -3.1 11.9 -0.4 -2.1 -2.2 0.0 2.6 3.1 15.0 LU1135138532 Daily Luxembourg Kairos Partners Guido Brera, Oriana Bastian... 58 80 14 12 38
KLS Corinium Emerging Markets All Weather Apr 2017 Directional Emerging Markets £36m 1.30% 0% No 100,000 Daily 0.1 -4.5 -0.7 0.7 1.9 6.0 -1.0 -14.5 -21.7 IE00BYQ00780 Daily Ireland Kepler Partners LLP Ed Butchart Yes Yes Article 6 Yes Yes Yes 2 3 37 14 4
Lazard European Alternative Oct 2015 Conservative Europe £329m 0.90% 20% Yes 1,000 Daily -1.1 -1.1 7.5 0.0 -0.6 2.8 3.2 3.6 10.0 12.5 IE00BYP5WD40 Daily Ireland Lazard Asset Management Léopold Arminjon & Nitin Arora Yes Yes Article 8 Yes N/A N/A 97 72 26 58 91
Levendi Thornbridge Defined Fund Jan 2018 Directional Global £110m 0.60% 5,000,000 Daily 0.9 12.6 -0.2 0.6 2.9 5.4 8.0 15.7 23.8 IE00BYV3WJ85 Daily Ireland Levendi Investment Manageme... Thornbridge Investment Mana... 67 86 8 22 53
Liontrust GF European Strategic Equity Feb 2012 Directional Europe £95m 1.00% 20% 5,000,000 Daily 10.1 1.4 -0.2 4.7 9.2 12.3 11.7 24.5 65.7 IE00BLG2W007 Daily Ireland Liontrust Asset Management James Inglis-Jones, Samanth... Article 6 78 99 98 94 63
Liontrust GF Tortoise Fund Aug 2007 Directional Global £4m 1.00% 20% Yes 500,000 Daily 0.7 9.6 -0.1 0.8 2.0 3.9 2.2 20.0 31.3 IE00B3CQKZ16 Daily Ireland Majedie Asset Management Liontrust Yes Yes Article 6 No Yes N/A 88 98 82 90 61
Lumyna - MW TOPS UCITS Fund Mar 2009 Conservative Europe £1.9b 2.00% 20% 100,000 Weekly 2.9 4.7 0.0 1.8 4.0 6.6 7.4 17.2 23.0 LU2367650913 Weekly Ireland Marshall Wace LLP Anthony Clake 97 89 98 80 93
Lumyna - Proxy P Energy Transition UCITS Fund Apr 2022 Directional Global £22m 0.75% 20% 1,000,000 Daily -15.1 -12.1 3.4 1.4 -9.0 -17.7 -29.3 LU2420407590 Daily Luxembourg Proxy P Management AB Article 9
Lupus Alpha All Opportunities Fund (C) Jan 2008 Conservative Europe £69m 1.00% 20% Yes 500,000 Daily -6.1 9.6 -0.9 -1.4 -1.7 -3.4 -0.4 0.1 -0.9 LU0329425713 Daily Luxembourg Lupus alpha Asset Managemen... Franz Fuehrer No No Article 6 No N/A N/A 40 78 38 22 29
Man GLG Absolute Value Fund Jun 2017 Conservative UK £333m 0.75% 20% Yes 500,000 Daily 0.1 2.6 9.2 1.0 1.0 3.8 8.8 12.3 17.2 21.0 GB00BF1X8084 Daily UK Man Group Plc Jack Barrat No Yes Article 6 Yes N/A N/A 87 81 50 55 79
Man GLG European Mid-Cap Equity Alternative Mar 2015 Conservative Europe £13m 1.00% 20% Yes 1,000,000 Daily 4.2 2.4 0.2 1.5 4.5 4.6 7.3 3.3 6.6 IE00BYXWT366 Daily Ireland Man Group Plc Brentley Campbell No Yes Article 6 No N/A N/A 27 34 75 61 54
Man GLG Innovation Equity Alternative Dec 2016 Conservative US £71m 1.00% 20% Yes 1,000,000 Daily 3.1 9.3 0.4 2.4 4.3 9.1 15.1 11.1 2.3 IE00BDRKSX26 Daily Ireland Man Group Plc Mike Corcell, Alex Robarts No Yes Article 8 Yes N/A N/A 31 31 83 61 40
Man GLG RI Global Sustainable Growth Alternative May 2021 Conservative Global £13m 1.00% 20% No 1,000,000 Daily 7.0 9.5 -0.3 3.9 5.9 9.3 16.9 19.1 IE00BNG2T258 Daily Ireland Man Group Plc Rory Powe, Virginia Nordbac... No Yes Article 6 No Yes N/A
Man TargetRisk Global Equities Sep 2023 Directional Global £21m 0.75% 0% No 1,000,000 Daily 3.9 0.4 1.9 5.3 4.9 2.7 17.9 16.8 IE00BRJT8355 Daily Ireland Man Group Plc Richard Barclay Yes Yes Article 8 Yes Yes N/A 56 57 86 79 35
MFM Global Thematic Long Short Dec 2014 Conservative Global £8m 0.90% 10% Weekly -3.2 4.0 -1.1 -1.0 -3.0 -2.9 -2.1 -2.9 -7.6 LU1105778002 Weekly Luxembourg Mirante Fund Management Alexis Dawance 23 17 21 15 14
Moneta Long Short Dec 2006 Directional Europe £316m 1.50% 20% Yes 10,000 Daily 0.3 6.0 -1.0 -0.9 0.8 2.0 3.7 4.4 6.2 FR0010400762 Daily France Moneta Asset Management Gregoire Uettwiller, Romain... 68 59 26 31 65
MontLake Cooper Creek Partners North America Long Short Equity Nov 2018 Conservative US £402m 1.50% 20% No 100,000 Daily 0.1 8.9 -0.4 1.5 -2.0 2.9 6.0 34.1 67.6 IE00BG08P444 Daily Ireland ML Capital Asset Management Rob Schwartz Yes Yes Article 6 No N/A N/A 90 98 80 86 59
MontLake Disciplined Alpha U.S. Long Short UCITS Fund Jun 2020 Directional US £2m 1.25% 20% 5,000,000 Daily 5.7 -20.6 0.0 1.3 2.5 6.2 -3.6 -11.1 15.1 IE00BLWDTQ26 Daily Ireland Disciplined Alpha LLC Kevin W. Shea 42 73 48 36 11
MontLake Invenomic US Equity Long/Short UCITS Fund Sep 2021 Conservative US £709m 1.00% 20% No 1,000,000 Daily -9.6 16.0 -1.3 -7.6 -9.3 -5.8 -2.7 24.5 IE00BKFVXN15 Daily Ireland Invenomic Capital Managemen... Ali Motamed No Yes Article 6 No Yes Yes
Montlake Tosca UCITS Nov 2018 Directional Global £96m 1.50% 20% No 100,000 Daily 6.6 -3.2 2.4 8.3 5.9 3.9 -2.0 12.5 20.8 IE00BFY6PC57 Daily Ireland ML Capital Asset Management Johnny de la Hey Yes Yes Article 6 No N/A N/A 67 86 74 63 52
MontLake Virtuoso Jul 2020 Directional Europe £8m 1.50% 20% 1,000,000 Daily 3.6 2.9 -0.6 2.1 3.0 0.8 -1.2 -12.5 -18.5 IE00BLDGJW61 Daily Ireland Virtuoso Advisory Aimone Beretta, Alberto Ma... 1 4 18 6 4
Neuberger Berman US Long Short Equity Feb 2014 Directional US £154m 1.35% 2,500,000 Daily 0.3 2.2 13.3 0.1 0.3 3.7 5.9 15.6 11.6 13.1 IE00BJTCX997 Daily Ireland Neuberger Berman Charles Kantor Article 8 63 58 7 18 56
Nomura Alpha Japan Long Short Jun 2012 Conservative Japan £29m 2.00% 20% None 1,000 Weekly 2.9 3.6 -0.2 1.7 2.5 0.9 4.5 12.2 11.1 IE00B5T4H735 Weekly Ireland Nomura Alternative Investme... Nomura 85 69 54 52 73
Otus Maga Smaller Companies UCITS Fund Jan 2015 Directional Europe £96m 1.75% 20% 100,000 Weekly 0.0 IE00BRCJDL54 Weekly Ireland Otus Capital Management Andrew Gibbs, Roberto Casoni 63 90 61 41 76
Ox Capital Dynamic Asia Fund Nov 2022 Directional Asia £81m 0.70% 15% No 0 Daily -0.9 -4.8 -1.1 5.5 0.3 -1.4 -7.0 IE000I5GPA28 Daily Ireland Ox Capital Management Dr Joseph Lai Yes Yes Article 8 Yes N/A N/A
Perspective American Absolute Alpha UCITS Fund Nov 2022 Conservative US £34m 1.00% 20% Yes 1,000,000 Daily 1.5 0.9 -0.4 -0.4 1.1 2.1 5.1 IE000RRMITS6 Daily Ireland Tavira Financial Ltd Stephen Moore Yes Yes Article 8 No N/A N/A
Pictet Mandarin Oct 2010 Directional Asia £448m 1.10% 20% Yes 1,000,000 Daily 1.2 3.4 -0.7 0.7 1.6 0.6 1.9 -1.5 -15.3 LU0496443457 Daily Luxembourg Pictet Funds (Europe) S.A. Lan Wang Simond Yes Yes Article 6 Yes Yes Yes 22 6 70 37 10
Pictet TR Atlas Nov 2016 Conservative Global £1.9b 1.10% 20% Yes 1,000,000 Daily 2.8 6.3 0.1 1.4 3.6 5.2 8.3 8.1 9.6 LU1433231963 Daily Luxembourg Pictet Funds (Europe) S.A. Mathieu Fleck Yes Yes Article 6 Yes N/A Yes 82 61 37 56 85
Pictet TR Atlas Titan Oct 2020 Conservative Global £130m 1.10% 20% Yes 1,000,000 Daily 4.7 6.9 0.0 2.3 5.9 7.7 11.1 7.2 10.4 LU2206555984 Daily Luxembourg Pictet Funds (Europe) S.A. Mathieu Fleck Yes Yes Article 6 Yes Yes Yes 54 69 41 41 67
Pictet TR - Corto Europe Apr 2010 Directional Europe £467m 1.10% 20% Yes 1,000,000 Daily 1.4 1.4 0.0 1.0 1.7 2.7 1.7 0.7 4.1 LU0496442640 Daily Luxembourg Pictet Funds (Europe) S.A. Philippe Sarreau Yes Yes Article 6 Yes Yes Yes 62 41 76 58 80
Platinum World Portfolios - Asia Fund Nov 2015 Directional Asia £14m 0.75% 15% Yes 500,000 Daily -0.4 -1.0 -1.7 5.4 2.9 -1.3 -4.0 -13.4 -27.6 IE00BYRGR522 Daily Ireland Platinum Asset Management Andrew Clifford & Cameron R... Yes Yes Article 6 Yes Yes N/A 1 2 46 9 2
Platinum World Portfolios - International Fund Nov 2015 Directional Global £34m 1.40% 0% No 100,000 Daily -1.7 5.8 -0.8 2.7 2.9 0.8 -0.4 -0.7 -6.5 IE00BYRGQZ50 Daily Ireland Platinum Asset Management Andrew Clifford, Clay Smoli... Yes Yes Article 6 Yes Yes N/A 16 38 24 8 11
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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.