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
WS Lancaster Absolute Return May 2009 Directional Global £375m 0.75% 20% No 100,000 Daily -0.5 -2.0 -7.8 -2.0 -3.6 1.5 -1.6 -15.0 4.9 3.4 GB00B55NGS86 Daily UK Lancaster Investment Manage... James Hanbury, Jamie Grimston No No Article 6 No N/A N/A 62 63 45 54 54
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
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
Veritas Global Real Return Jan 2010 Conservative Global £345m 1.00% 50,000 Daily 0.0 3.0 8.4 -0.5 1.7 6.1 4.2 8.4 7.1 11.1 IE00B5W1LR97 Daily Ireland Veritas Asset Management Andy Headley, Charles Richa... 69 44 57 40 66
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
Varenne Valeur Jan 2003 Directional Global £1.2b 1.10% 15.0% Yes 3,000,000 Daily -8.8 0.0 3.0 -8.1 -2.6 20.8 25.7 LU2358392376 Daily France Varenne Capital Partners Giuseppe Perrone, Marco Sor... 42 75 30 14 31
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
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
UBS Global Equity Long-Short Fund Aug 2012 Conservative Global £218m 0.60% 20% 10,000,000 Daily 3.6 6.1 0.0 3.5 2.2 3.4 8.8 12.9 29.0 IE00B85KLG36 Daily Ireland UBS Asset Management Scott Wilkin, Charles Burbeck Article 6 97 89 56 73 86
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
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
U Access (IRL) Bain Capital Global Equity LS Sustainable UCITS Dec 2021 Conservative Global £52m 1.20% 15% No 5,000,000 Daily 4.0 5.9 0.5 1.1 4.3 8.2 8.2 3.6 IE000VI1O6T8 Daily Ireland Bain Capital Joshua Ross Yes Yes Article 8 Yes N/A N/A
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
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
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
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
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
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
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
Schroder Tellworth UK Dynamic Absolute Return Sep 2009 Conservative UK £69m 1.00% 20% 500,000 Daily 0.0 1.1 1.6 0.3 0.1 1.6 4.9 2.9 5.9 6.8 GB00B3N74T57 Daily UK Tellworth Investments Paul Marriage, John Warren 51 62 73 90 37
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
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
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 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
Sanlam AI Global Managed Risk UCITS Jun 2013 Conservative Global £38m 0.75% 1,000,000 Daily 0.2 2.1 17.3 0.2 1.9 5.0 4.6 13.6 23.6 31.8 IE00B94Q3M90 Daily Ireland Sanlam AI 88 93 2 13 58
Quadriga QSR Global Jul 2022 Directional Global £5m 0.75% 0% No 0 Daily -15.2 7.7 -3.5 -12.8 -13.3 -16.1 -19.2 -5.2 -4.7 LU1919525458 Daily Luxembourg Quadriga Asset Managers Christian Thum No No Article 6 No N/A N/A 48 63 35 21 36
Quadriga AZ Total Return Feb 2012 Directional Global £4m 0.50% 10% No 50,000 Daily 0.0 LU0725183734 Daily Luxembourg Quadriga Asset Managers Jose Maria Aznar, Christian... No No Article 6 No N/A N/A 59 61 27 35 46
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
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
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
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
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 - 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
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
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 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 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
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
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
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
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
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
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
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 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 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 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
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
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
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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.