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
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
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
Alliance Bernstein Select Absolute Alpha Portfolio Mar 2012 Directional US £492m 1.00% 20% 500,000 Daily 0.5 5.1 8.6 0.5 2.9 7.0 8.0 15.1 6.5 14.1 LU0736560284 Daily Luxembourg Alliance Bernstein Kurt Feuerman, Anthony Nappo Article 8 50 73 4 14 50
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
Alquant Convexus May 2022 Directional 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
Amundi Sandler US Equity Fund Nov 2016 Conservative US £535m 1.40% 20% No 100,000 Daily 3.2 3.3 0.1 1.9 3.6 4.2 8.6 7.5 8.8 IE00BFZPZY37 Daily Ireland Sandler Capital Management Andrew Sandler Yes Yes Article 6 Yes Yes Yes 75 46 92 66 80
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
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
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
AQR Sustainable Delphi Long-Short Equity UCITS Fund Oct 2018 Directional Global £135m 1.40% 0% No 100,000 Daily 0.3 10.8 15.5 -0.8 2.8 9.3 17.8 27.2 28.8 63.5 LU1842777788 Daily Luxembourg AQR Capital Management Andrea Frazzini, Michele Ag... Yes Yes Article 8 Yes Yes Yes 64 97 42 28 51
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
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 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
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
Banor SICAV Volta Long Short Equity Fund Jul 2011 Directional US £23m 1.40% 17.5% 1,000 Daily -0.3 4.4 0.3 -3.0 3.4 0.4 1.9 6.6 19.8 LU1082251734 Daily Luxembourg Westbeck LLP Will Smith Article 8 67 92 50 27 45
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 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
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
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
BlackRock Global Long/Short Equity (Lux) Jun 2014 Conservative Global £17m 1.20% 0% No 100,000 Daily 0.1 4.4 10.7 -0.2 0.1 6.0 11.4 14.8 17.9 14.7 LU1153525040 Daily Luxembourg BlackRock Investment Manage... Kevin Franklin, Gearoid Nel... Yes Yes Article 6 Yes Yes Yes 71 77 56 75 85
BlackRock UK Absolute Alpha Apr 2005 Conservative UK £128m 0.75% 20% No 100,000 Daily 0.1 1.1 5.5 0.1 0.3 1.6 3.6 6.5 12.1 16.0 GB00B11V7T69 Daily UK BlackRock Investment Manage... Nigel Ridge, Richard Wingfield Yes Yes Article 6 Yes Yes Yes 100 71 86 74 98
BlackRock UK Equity Absolute Return Aug 2016 Conservative UK £270m 0.75% 20% No 0 Daily 0.2 1.1 5.4 0.1 0.1 1.5 3.3 6.2 12.7 17.4 LU1430596426 Daily Luxembourg BlackRock Investment Manage... Nigel Ridge Yes Yes Article 6 Yes Yes Yes 99 77 80 75 98
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
Boston Partners Global Long/Short Nov 2017 Directional Global £41m 1.00% 15% 500,000 Daily 1.6 7.4 -0.8 0.4 3.1 7.2 9.5 18.1 44.2 LU1683353343 Daily Luxembourg Boston Partners Global Inve... Christopher K. Hart, CFA an... Article 6 85 98 53 73 74
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
Coeli Renewable Opportunities Feb 2023 Directional Global £21m 1.00% 20% Daily -1.1 0.5 5.4 5.1 -1.5 1.1 LU2437561033 Daily Luxembourg Coeli Asset Management AB Joel Etzler, Vidar Kalvoy
CRM Long/Short Opportunities UCITS Dec 2015 Directional US £54m 0.75% 15% 50,000,000 Daily 6.9 5.4 1.0 5.3 9.4 6.5 11.2 9.9 10.7 IE00BD4DSN47 Daily Ireland Cramer Rosenthal McGlynn, LLC Mimi Morris, Jason Yellin Article 8 45 47 36 14 42
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
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
E.I. Sturdza Funds plc - Strategic Long Short Fund Jan 2022 Directional Global £71m 1.00% 15% 1,000,000 Daily 0.8 8.1 0.1 0.2 3.1 7.0 4.7 IE0009O2NRD1 Daily Ireland Crawford Fund Management LLC Christopher L. Crawford Article 8
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
Ennismore Global Equity Fund Oct 2016 Directional Global £143m 2.00% 20% No 15,000 Daily 0.1 11.4 -1.9 -2.6 0.5 5.2 9.1 23.9 30.5 IE00BDB52S65 Daily Ireland Ennismore Fund Management Geoff Oldfield, Richard Stu... No No Article 6 No Yes N/A 76 92 72 75 55
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
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
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
Franklin K2 Electron Global UCITS Fund Sep 2019 Directional Global £83m 1.25% 15% 5,000,000 Daily 0.9 4.4 -6.2 2.9 4.9 6.1 1.4 -1.0 15.7 4.7 LU2164518057 Daily Luxembourg Electron Capital Partners Ran Zhou Article 6 45 67 38 10 30
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
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
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
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
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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.