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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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 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
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
Quadriga Aqua UCITS Oct 2022 Global 1.50% 0% No 25,000,000 Daily 0.0 LU1871084460 Daily Luxembourg 36 South Capital Advisors Diego Parrilla No No Article 6 No N/A N/A
Schroder GAIA Sirios US Equity Feb 2013 Directional US £138m 1.50% 20% 500,000 Daily 5.4 12.4 -0.1 3.1 7.2 9.1 18.5 21.0 23.7 LU0885728070 Daily Luxembourg Sirios Capital Management John F. Brennan, Jr. Article 6 65 83 25 22 67
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
Westbeck Energy Transition UCITS Fund May 2023 Directional Global £48m 1.50% 20% No 500,000 Daily 0.6 0.4 -2.0 2.4 -0.3 IE000EW86791 Daily Ireland Westbeck Capital Management... Will Smith No Yes Article 8 Yes 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
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
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
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
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
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
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
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
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
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
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
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
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
Seahawk Equity Long Short Fund May 2019 Directional Global £63m 1.25% 15% 625,000 Daily LU1910828851 Daily Luxembourg Seahawk Investments Seahawk Article 6 83 100 48 53 49
SpesX - Energy Transition Liquid Opportunities Fund Sep 2023 Directional Global 1.25% 15% No 100,000 Daily -9.8 0.3 -3.4 -3.6 IE000AMQNGY9 Daily Ireland Fondo Italiano per l'Effici... Luca Moro Yes Yes Article 8 No Yes Yes
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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.