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
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
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
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
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 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
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
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
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
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
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
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
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
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
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
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 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 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 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
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 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
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 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
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
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
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
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
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
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
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
Jupiter UK Specialist Equity Apr 2016 Conservative UK £28m 1.00% 20% 10,000 Daily -0.2 3.9 4.7 0.5 1.3 3.1 7.5 9.1 4.1 -2.2 IE00BYXJSC96 Daily Ireland Merian Global Investors Tim Service Article 6 29 14 63 57 30
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
Janus Henderson Horizon Pan European Absolute Return Fund Dec 2006 Conservative Europe £198m 1.00% 20% Yes 1,000,000 Daily 0.1 2.3 4.7 0.0 2.6 3.5 7.2 4.6 7.8 5.7 LU0264597617 Daily Luxembourg Janus Henderson Investors John Bennett, Robert Schram... Yes Yes Article 6 Yes Yes N/A 26 50 32 34 35
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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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.