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
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
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
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
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
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
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
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
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
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
Liontrust GF Tortoise Fund Aug 2007 Directional Global £4m 1.00% 20% Yes 500,000 Daily 0.7 9.6 -0.1 0.8 2.0 3.9 2.2 20.0 31.3 IE00B3CQKZ16 Daily Ireland Majedie Asset Management Liontrust Yes Yes Article 6 No Yes N/A 88 98 82 90 61
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
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
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
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
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
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
Levendi Thornbridge Defined Fund Jan 2018 Directional Global £110m 0.60% 5,000,000 Daily 0.9 12.6 -0.2 0.6 2.9 5.4 8.0 15.7 23.8 IE00BYV3WJ85 Daily Ireland Levendi Investment Manageme... Thornbridge Investment Mana... 67 86 8 22 53
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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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.