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
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
ChinaAMC China Growth Fund Apr 2011 Directional Asia £5m 1.00% 20% None 500,000 Weekly 0.3 1.0 -11.0 -0.8 2.6 -0.3 -7.1 -9.6 -15.6 -17.5 LU0573366928 Weekly Luxembourg China Asset Management Ltd. Tian Gan 50 92 97 92 81
Dalton Asia Pacific UCITS Jul 2013 Directional Asia £110m 1.50% 15% No 1,000,000 Daily 1.2 13.9 -1.2 0.6 3.7 6.2 12.5 11.9 21.3 IE00BFXZM553 Daily Ireland Dalton Investments James B. Rosenwald III Yes Yes Article 8 Yes Yes N/A 55 85 64 59 62
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
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
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 - 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
UBS (Irl) Investor Selection - O'Connor China Long/Short Alpha Strategies Sep 2021 Conservative Asia £173m 1.65% 20% No 100 Daily 6.8 -2.3 -0.6 0.9 8.3 8.4 6.3 8.2 IE000PWARWS0 Daily Ireland UBS O'Connor LLC UBS O'Connor LLC No No Article 6 No N/A N/A
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
Fiera OAKS Emerging and Frontier Opportunities Sep 2013 Directional Emerging Markets £143m 1.50% 20% 500,000 Weekly 6.6 19.7 0.6 1.9 9.1 6.8 21.8 16.2 41.3 IE00B95L3899 Weekly Ireland Fiera Capital Stefan Bottcher, Dominic Bo... Article 8 61 98 35 16 40
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
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
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
Alken Fund Absolute Return Europe Jan 2011 Directional Europe £82m 1.50% 20% Yes 0 Daily 0.7 2.6 -0.3 2.5 2.2 2.4 -1.1 7.8 17.6 LU0572586674 Daily Luxembourg Alken Asset Management Nicolas Walewski Yes Article 8 81 85 24 30 54
Anima Star High Potential Europe Nov 2009 Conservative Europe £856m 0.60% 15% 15,000 Daily 1.4 0.6 0.0 0.9 2.4 3.6 2.7 2.4 7.4 IE0032464921 Daily Ireland Anima Sgr Lars Schickentanz 65 52 44 56 95
Anima Star High Potential Italy Mar 2014 Conservative Europe £15m 0.60% 15% None 500 Daily -2.7 5.0 -0.3 -1.7 -0.3 0.5 3.8 3.2 4.2 IE00BJBQBS44 Daily Ireland Anima Sgr Samuele Chiodetto 38 60 39 37 73
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
Ardtur European Focus Absolute Return Jan 2016 Directional Europe £68m 0.75% 20% No 1,000,000 Daily -2.6 7.1 -0.9 -1.6 -2.6 -1.6 -2.1 17.4 27.8 IE00BZ1J0335 Daily Ireland Odey Asset Management Oliver Kelton Yes Yes Article 6 No N/A N/A 85 95 84 82 70
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
BANOR SICAV Mistral Long Short Equity Jun 2010 Directional Europe £93m 1.40% 17.5% 500,000 Daily -0.7 6.7 -0.8 -1.0 0.9 3.1 3.8 12.9 30.1 LU0510654501 Daily Luxembourg Banor Capital Ltd 75 94 92 85 72
BDLCM Funds - Rempart Sep 2005 Directional Europe £38m 1.50% 20% 10,000,000 Weekly -0.2 5.2 -0.6 0.5 1.1 5.7 2.1 12.5 29.2 LU1321110816 Weekly Luxembourg BDL Capital Management Hughes Beuzelin, Bastien Be... 98 96 78 86 63
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
Bestinver Tordesillas SICAV - Iberia Long‐Short Jun 2016 Directional Europe £16m 1.00% 10% No 1,000,000 Daily -3.5 3.9 -2.1 -0.8 -2.5 -3.9 -2.5 -4.6 -5.7 LU1375654982 Daily Luxembourg Bestinver Ricardo Seixas Yes Yes Article 6 Yes N/A N/A 26 31 51 29 43
BlackRock European Absolute Alpha Fund Mar 2009 Conservative Europe £355m 0.75% 20% No 100,000 Daily 0.1 6.5 6.1 0.3 3.7 7.0 11.5 13.4 13.9 20.2 GB00B4Y62T40 Daily UK BlackRock Investment Manage... Stefan Gries, Stephanie Bot... Yes Yes Article 6 Yes Yes Yes 47 53 46 37 39
BlackRock European Absolute Return Fund Feb 2009 Conservative Europe £793m 1.00% 20% No 5,000 Daily 0.3 7.0 4.3 0.4 3.9 7.4 11.6 12.2 10.4 17.3 LU0411704413 Daily Luxembourg BlackRock Investment Manage... Stefan Gries, Stephanie Bot... Yes Yes Article 6 Yes Yes Yes 55 52 77 60 66
Carmignac Portfolio Long Short European Equities Nov 2013 Conservative Europe £486m 0.85% 20% No 0 Daily 9.3 2.0 0.4 5.6 10.2 12.5 12.8 8.7 19.4 LU0992627454 Daily Luxembourg Carmignac Gestion Malte Heininger Yes Yes Article 8 Yes Yes N/A 57 67 90 83 62
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
Eleva Absolute Return Europe Dec 2015 Conservative Europe £3.1b 1.00% 20% Yes 1,000,000 Daily 2.7 5.6 0.2 2.2 3.3 4.7 4.8 11.5 13.9 LU1331974276 Daily Luxembourg Eleva Capital LLP Eric Bendahan Article 8 Yes Yes 93 68 34 45 91
Ennismore European Smaller Companies Fund Jan 1999 Directional Europe £295m 2.00% 20% No 5,000 Daily -0.5 2.1 -0.6 -2.2 1.5 6.3 3.4 7.0 25.8 IE0004515239 Daily Ireland Ennismore Fund Management Tom Hearn, Christian Fiesse... No No Article 6 No Yes N/A 83 87 81 84 65
Finlabo Dynamic Equity Jun 2008 Directional Europe £49m 1.50% 20% 50,000 Daily -1.6 -0.3 -0.2 -0.6 -1.0 -2.0 -6.5 -5.1 -0.2 LU0507282852 Daily Luxembourg Finlabo SIM Alessandro Guzzini, Anselmo... 35 58 79 53 54
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 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
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 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
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
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
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
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 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
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 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
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
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
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
SEB Sissener Canopus Apr 2012 Directional Europe £246m 1.10% 20% 1,000,000 Daily -0.2 5.5 1.7 -0.6 0.5 6.3 2.9 14.9 15.8 LU0694232058 Daily Luxembourg Sissener AS Jan Petter Sissener, Bjorn ... 77 88 48 36 49
Selwood Equity Absolute Return UCITS Fund Apr 2022 Conservative Europe £119m 1.50% 20% No 100,000 Daily -2.4 5.3 0.5 -0.8 -1.6 -1.2 -0.5 IE0008S9AZC5 Daily Ireland Selwood Asset Management Karim Moussalem, Kevin Guil... Yes Yes Article 6 No No No
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
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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.