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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
Man GLG RI Global Sustainable Growth Alternative May 2021 Conservative Global £13m 1.00% 20% No 1,000,000 Daily 7.0 9.5 -0.3 3.9 5.9 9.3 16.9 19.1 IE00BNG2T258 Daily Ireland Man Group Plc Rory Powe, Virginia Nordbac... No Yes Article 6 No Yes N/A
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
Man TargetRisk Global Equities Sep 2023 Directional Global £21m 0.75% 0% No 1,000,000 Daily 3.9 0.4 1.9 5.3 4.9 2.7 17.9 16.8 IE00BRJT8355 Daily Ireland Man Group Plc Richard Barclay Yes Yes Article 8 Yes Yes N/A 56 57 86 79 35
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
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
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
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
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
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
Man GLG Innovation Equity Alternative Dec 2016 Conservative US £71m 1.00% 20% Yes 1,000,000 Daily 3.1 9.3 0.4 2.4 4.3 9.1 15.1 11.1 2.3 IE00BDRKSX26 Daily Ireland Man Group Plc Mike Corcell, Alex Robarts No Yes Article 8 Yes N/A N/A 31 31 83 61 40
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
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
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
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
Man GLG Absolute Value Fund Jun 2017 Conservative UK £333m 0.75% 20% Yes 500,000 Daily 0.1 2.6 9.2 1.0 1.0 3.8 8.8 12.3 17.2 21.0 GB00BF1X8084 Daily UK Man Group Plc Jack Barrat No Yes Article 6 Yes N/A N/A 87 81 50 55 79
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
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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.