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
BANOR SICAV Greater China Equity Jan 2013 Directional Asia £95m 1.40% 17.5% 500,000 Daily 0.9 -5.3 0.3 7.3 -1.6 2.3 -7.6 -29.9 -69.6 LU1082251577 Daily Luxembourg Banor Capital Ltd 0 0 70 3 0
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
Alkeon UCITS Jul 2011 Directional Global £32m 2.00% 20% 1,000,000 Weekly 12.1 23.1 0.0 7.2 15.1 12.9 22.7 -4.3 -31.2 IE00BGB6B277 Weekly Ireland Alkeon Capital Management, LLC Takis Sparaggis Article 6 3 1 22 0 0
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
BNP Paribas Environmental Absolute Return Thematic Equity (EARTH) Jul 2020 Directional Global £20m 0.75% 20% Daily -18.5 -18.4 1.6 -5.8 -12.0 -31.3 -37.5 -43.7 -63.1 LU2066067898 Daily Luxembourg BNP Paribas Asset Management Edward Lees, Ulrik Fugmann Article 8 6 0 44 0 1
Veritas China Oct 2009 Directional Asia £18m 1.00% 20% MSCI AC Asia Pacific 50,000 Daily 0.4 -2.8 -22.9 -0.7 7.4 -5.8 -13.0 -26.3 -27.0 -42.7 IE00B4QQGK12 Daily Ireland Veritas Asset Management Ezra Sun 0 1 92 49 1
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
Brilliance China Core Long Short Fund Apr 2018 Directional Asia £37m 2.00% 20% Weekly 0.0 IE00BDFK4D67 Weekly Ireland Brilliance Capital Management Brilliance Capital 4 1 94 67 2
Portland Hill Fund SICAV - ESG Catalyst Driven Strategy Sep 2014 Directional Global £37m 1.50% 20% No 1,000,000 Daily 2.2 15.3 -1.8 0.9 5.1 4.4 8.1 -3.0 -18.6 LU1106978643 Daily Luxembourg Other Thierry Lucas No Yes Article 8 Yes Yes No 2 3 15 2 2
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
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
Franklin K2 Wellington Technology Long Short UCITS Fund Sep 2019 Directional Global £17m 1.20% 15% 5,000,000 Daily 1.1 7.8 29.0 1.3 3.0 11.4 17.3 31.8 3.1 -7.1 LU2164518487 Daily Luxembourg Wellington Management John Averill, Bruce Glazer Article 6 12 9 32 2 3
DECALIA Muse Dec 2015 Directional Global £22m 0.90% 10% Daily 9.0 21.3 0.3 5.8 12.7 17.5 28.0 13.4 4.0 LU1328694218 Daily Luxembourg DECALIA Asset Management Sandro Occhilupo, Damien We... 28 21 3 1 3
Alger SICAV - Alger Dynamic Opportunities Fund Aug 2014 Directional US £47m 0.85% 100,000 Daily 7.9 4.8 0.8 3.5 12.8 13.8 12.5 4.4 -6.2 LU1083693371 Daily Luxembourg Fred Alger Management, LLC Dan Chung, CFA; Greg Adams,... Yes Yes Article 6 No Yes N/A 3 13 23 7 3
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
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
BlackRock Emerging Companies Absolute Return Oct 2018 Conservative UK £260m 1.00% 20% No 10,000,000 Daily 0.7 6.1 12.6 0.4 2.1 8.0 9.7 16.3 9.5 2.1 LU1861218136 Daily Luxembourg BlackRock Investment Manage... Dan Whitestone Yes Yes Article 6 Yes Yes Yes 17 22 24 10 5
GAM Star Alpha Technology May 2010 Conservative Global £35m 0.80% 10% No 0 Daily 4.9 11.6 0.1 -0.2 7.6 15.1 23.8 0.1 6.5 IE00BJTCXH70 Daily Ireland GAM Investments Mark Hawtin No No Article 6 No N/A N/A 12 14 33 7 6
U Access (IRL) Shannon River Oct 2019 Directional US £37m 1.20% 20% 1,000,000 Daily 3.0 28.6 -0.3 1.0 6.3 14.9 23.0 18.4 -6.0 IE00BKDRX971 Daily Ireland Shannon River Fund Manageme... Spencer Waxman 14 23 49 17 6
Schroder GAIA Contour Tech Equity Dec 2017 Conservative Global £141m 1.25% 20% 500,000 Weekly 3.2 23.8 0.5 0.9 6.3 7.0 18.5 15.4 1.0 LU1725200148 Weekly Luxembourg Contour Asset Management David Meyer Article 6 21 46 66 87 7
Sycomore L/S Opportunities Oct 2004 Directional Europe £136m 1.00% 25% 4% Daily -2.8 4.6 -1.1 -2.1 -0.3 -1.3 -2.5 -8.2 -18.2 FR0010473991 Daily France Sycomore Asset Management Gilles Sitbon 16 7 13 8 8
BlackRock Global Equity Absolute Return Fund Dec 2018 Conservative Global £21m 1.00% 20% No 10,000,000 Daily 0.9 2.5 9.3 -0.2 1.3 4.2 5.3 10.6 8.7 -11.5 LU1908247643 Daily Luxembourg BlackRock Investment Manage... James Bristow, Gareth Williams Yes Yes Article 6 Yes Yes Yes 31 10 34 17 9
VT - Clear Peak Capital UK Long/Short Equity Jul 2019 Directional UK £2m 0.75% 1,000 Daily 1.0 -3.8 -5.9 0.2 -2.4 -5.1 -5.7 -4.5 -6.2 -16.8 GB00BJXS2B80 Daily UK Clear Peak Capital LLP 1 6 88 92 9
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
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
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
Ambienta X Alpha May 2020 Conservative Global £357m 1.50% 20% 500,000 Weekly 0.0 IE00BKM62655 Weekly Ireland Ambienta SGR Fabio Pecce 9 25 16 6 12
Platinum World Portfolios - Japan Fund Nov 2015 Directional Japan £9m 1.40% 0% No 100,000 Daily 0.8 13.9 1.2 2.5 5.6 5.7 14.0 4.5 2.2 IE00BYRGRJ67 Daily Ireland Platinum Asset Management James Halse, Leon Rapp Yes Yes Article 6 Yes Yes N/A 20 50 6 3 12
Ardevora Global Equity Fund Feb 2011 Directional Global £64m 0.50% 25% No 5,000 Daily 9.9 8.8 4.9 12.8 15.2 16.6 16.3 14.3 IE00B3QBT006 Daily Ireland Ardevora Asset Management LLP Ben Fitchew, Jeremy Lang, W... Yes No Article 8 No Yes N/A 13 32 21 5 13
UBS Equity Opportunity Long Short Oct 2010 Directional Europe £65m 0.75% 20% Daily 8.0 -11.6 -1.4 1.0 3.4 4.3 1.4 0.8 3.7 IE00B841P542 Daily Ireland UBS Asset Management Max Anderl, Jeremy Leung Article 6 59 9 60 68 13
Varenne Global Jan 2014 Directional Global £296m 1.10% 15.0% 3,000,000 Daily -8.0 0.0 -5.0 -2.0 11.6 48.8 41.8 LU2358391725 Daily France Varenne Capital Partners Giuseppe Perrone, Marco Sor... 40 79 18 2 13
Antipodes Global Fund Jul 2017 Directional Global £158m 1.10% 20% Yes 1,000,000 Daily 0.6 10.0 -0.2 1.5 4.0 2.1 3.4 4.0 2.5 IE00BYPF2Y51 Daily Ireland Antipodes Global Investment... Jacob Mitchell Yes Yes Article 8 Yes Yes N/A 19 45 17 7 13
Credit Suisse Small and Mid Cap Alpha Long/Short Jul 2010 Directional Europe £225m 1.80% 20% 3,000,000 Weekly -3.2 5.5 -0.2 -1.7 -1.7 -2.4 -2.8 -2.8 -8.9 LU0525285937 Weekly Luxembourg Credit Suisse Asset Managem... Felix Mayer, Jan Berg, Gian... Article 8 24 15 2 10 14
Aperture European Innovation Fund Dec 2019 Directional Europe £447m 0.30% 30% Yes 100,000 Daily 11.2 18.9 0.7 6.9 13.6 17.6 22.1 26.4 35.2 LU2077746936 Daily Luxembourg Aperture Investors Anis Lahlou Yes Yes Article 8 Yes Yes N/A 47 83 12 3 14
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
Schroder GAIA SEG US Equity Dec 2011 Directional US £265m 1.40% 20% 1,000,000 Weekly 7.6 7.5 0.8 7.4 16.1 15.8 15.9 14.7 19.3 LU2500368415 Weekly Luxembourg Select Equity Group, L.P. George S. Loening Article 6 28 63 18 6 17
Schroder GAIA Egerton Equity Nov 2009 Directional Global £347m 1.25% 20% 500,000 Weekly 10.1 14.3 0.0 4.8 10.8 14.9 25.5 19.9 17.9 LU0548375855 Weekly Luxembourg Egerton Capital John Armitage Article 6 29 53 16 6 17
Schroder ISF European Alpha Absolute Return Feb 2014 Conservative Europe £41m 0.38% 20% Yes 1,000 Daily 0.7 -5.4 -1.3 -0.5 0.0 -8.3 -7.0 -7.3 -9.1 LU1388563725 Daily Luxembourg Schroders Nick Kissack, Bill Casey Yes Yes Article 8 Yes Yes Yes 41 11 69 65 19
Finlabo Dynamic US Equity May 2010 Directional US £4m 1.50% 20% 50,000 Daily -0.7 -14.7 0.5 0.4 0.9 -1.0 -13.7 -2.9 10.4 LU0507282423 Daily Luxembourg Finlabo SIM Alessandro Guzzini, Anselmo... 51 84 94 91 20
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
Argonaut Absolute Return Feb 2009 Directional Europe £120m 0.75% 20% Yes 0 Daily 0.3 9.5 13.8 0.0 4.8 9.0 22.3 30.3 27.4 54.6 GB00B7MC0R90 Daily UK Argonaut Capital Partners Barry Norris No No Article 6 No N/A N/A 67 95 63 90 25
Prosper Stars & Stripes May 2015 Conservative US £54m 1.40% 18% No 0 Daily 0.1 14.9 -0.8 2.6 2.2 1.5 4.4 7.2 0.3 LU0723589023 Daily Luxembourg Roubaix Capital, LLC Christopher Hillary No No Article 6 No N/A N/A 43 73 41 26 25
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
Threadneedle Pan European Absolute Alpha Sep 2016 Conservative Europe £33m 0.75% 20% 1,500,000 Daily 5.5 12.4 0.6 5.6 8.0 13.2 11.4 17.4 14.3 LU1469429549 Daily Luxembourg Columbia Threadneedle Inves... Paul Doyle, Frederic Jeanma... Article 6 33 64 27 13 26
SWMC European Fund Nov 2011 Directional Europe £46m 1.00% 20% 1,000,000 Daily -0.7 11.0 -0.7 0.7 1.3 0.3 1.1 12.7 16.0 IE00B4LH9995 Daily Ireland S. W. Mitchell Capital Stuart Mitchell 44 87 21 7 27
Belgravia Lynx Oct 2011 Directional Europe £5m 1.00% 9% None 10 Daily 0.0 LU0691314768 Daily Luxembourg Auriga Asset Management Carlos Cerezo 19 17 57 24 28
Finlabo Dynamic Emerging Markets May 2010 Directional Emerging Markets £5m 1.50% 20% 50,000 Daily 0.5 -5.2 -0.2 0.5 1.7 0.5 -5.4 -9.3 -4.3 LU0507282183 Daily Luxembourg Finlabo SIM Alessandro Guzzini, Anselmo... 26 44 85 47 28
Allspring (Lux) Worldwide - Global Long/Short Equity Oct 2017 Directional Global £95m 0.75% 20% 1,000,000 Daily 4.3 3.6 0.2 2.1 6.6 9.4 11.5 8.1 17.2 LU1699723380 Daily Luxembourg Allspring Global Investments David Krider, Dennis Bein, ... Article 6 38 76 19 13 28
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
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
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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.