Sub Index - Equity Long / Short Directional

Managers in this space are looking to maximise returns for their investors with relatively unconstrained, long-biased mandates (net exposure typically >50%). While there is still a focus on generating absolute returns, with managers having the ability to hedge exposures, volatility is it expected to be higher than the Conservative cohort of funds.

Strategy AUM
31 December 2023
£10.0b
-26.1% YoY

Performance

Monthly Returns

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YTD
2024 -0.3 1.9 1.6
2023 3.9 -1.2 0.1 -0.1 -1.5 1.5 1.8 -1.5 -1.4 -1.9 3.3 2.0 5.0
2022 -2.9 -1.6 -0.2 -1.6 0.1 -3.4 1.4 -0.5 -3.5 0.8 4.5 -0.7 -7.7
2021 -0.8 3.4 1.2 2.0 0.9 -0.3 -1.0 1.0 -0.7 1.3 -1.9 1.3 6.3
2020 -0.4 -3.2 -7.4 4.9 1.7 2.0 1.7 2.9 -1.1 -1.0 6.3 3.3 9.2
2019 3.2 1.0 0.5 1.6 -2.2 2.1 0.5 -0.9 -0.4 0.4 1.1 2.0 9.1
2018 2.6 -1.3 -1.2 0.5 0.8 -0.5 0.5 -0.7 -0.5 -4.5 -0.3 -3.3 -7.8
2017 1.7 0.8 0.9 0.6 1.6 0.1 1.4 0.9 0.5 1.7 0.2 0.8 11.7
2016 -3.9 -1.1 0.7 -0.5 0.9 -1.6 2.6 0.4 0.5 -0.5 -0.2 0.7 -2.3
2015 0.8 2.1 1.0 1.1 1.4 -1.5 0.4 -2.1 -1.5 1.8 0.2 -0.2 3.6
2014 -0.3 2.8 -1.2 -1.9 0.4 0.2 -0.6 1.4 -0.1 -0.2 1.7 0.2 2.3
2013 4.1 1.2 0.9 0.5 2.3 -2.1 3.0 -0.8 1.9 2.8 1.7 1.8 18.7
2012 2.7 3.3 -0.3 -0.5 -3.3 0.6 0.8 1.0 1.4 1.1 1.2 1.2 9.4
2011 -0.3 0.4 0.4 1.4 -0.8 -0.4 -0.5 -3.6 -4.4 3.9 -1.5 -0.1 -5.4
2010 -1.3 2.0 2.3 0.2 -1.9 -1.4 1.3 -0.1 4.9 1.7 0.3 2.9 11.3
Show all
  • Region Global
  • Currency Local Currency
  • Frequency Monthly Rebalancing
  • Methodology Equally Weighted
  • Download Index Return Series

Index Constituents

Filter by:
Name Inception Date 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 Global £32m 2.00% 20% 1,000,000 Weekly 2.6 15.0 23.1 -0.2 3.0 15.2 26.0 29.1 1.2 -21.9 IE00BGB6B277 Weekly Ireland Alkeon Capital Management, LLC Takis Sparaggis Article 6 3 1 22 0 0
Aperture European Innovation Fund Dec 2019 Europe £447m 0.30% 30% Yes 100,000 Daily 3.5 15.1 18.9 1.4 3.3 15.1 26.0 27.7 23.5 37.3 LU2077746936 Daily Luxembourg Aperture Investors Anis Lahlou Yes Yes Article 8 Yes Yes N/A 47 83 12 3 14
AQR Sustainable Delphi Long-Short Equity UCITS Fund Oct 2018 Global £135m 1.40% 0% No 100,000 Daily 3.0 13.8 15.5 0.1 2.5 13.7 19.7 27.0 28.8 54.2 LU1842777788 Daily Luxembourg AQR Capital Management Andrea Frazzini, Michele Ag... Yes Yes Article 8 Yes Yes Yes 64 97 42 28 51
Schroder GAIA Egerton Equity Nov 2009 Global £347m 1.25% 20% 500,000 Weekly 3.2 13.7 14.3 0.2 3.4 13.5 19.6 31.6 19.6 21.6 LU0548375855 Weekly Luxembourg Egerton Capital John Armitage Article 6 29 53 16 6 17
Liontrust GF European Strategic Equity Feb 2012 Europe £95m 1.00% 20% 5,000,000 Daily 3.3 13.8 1.4 0.5 3.5 13.0 15.2 16.6 24.7 62.6 IE00BLG2W007 Daily Ireland Liontrust Asset Management James Inglis-Jones, Samanth... Article 6 78 99 98 94 63
Argonaut Absolute Return Feb 2009 Europe £120m 0.75% 20% Yes 0 Daily 2.5 11.9 13.8 0.5 1.8 11.8 21.7 24.9 26.2 55.4 GB00B7MC0R90 Daily UK Argonaut Capital Partners Barry Norris No No Article 6 No N/A N/A 67 95 63 90 25
DECALIA Muse Dec 2015 Global £22m 0.90% 10% Daily 2.2 11.3 21.3 -0.4 2.2 10.9 27.2 29.6 12.5 8.3 LU1328694218 Daily Luxembourg DECALIA Asset Management Sandro Occhilupo, Damien We... 28 21 3 1 3
Schroder GAIA SEG US Equity Dec 2011 US £265m 1.40% 20% 1,000,000 Weekly 2.2 9.9 7.5 1.3 2.9 9.4 27.4 21.3 13.8 18.0 LU2500368415 Weekly Luxembourg Select Equity Group, L.P. George S. Loening Article 6 28 63 18 6 17
Fiera OAKS Emerging and Frontier Opportunities Sep 2013 Emerging Markets £143m 1.50% 20% 500,000 Weekly 2.3 9.0 19.7 0.6 2.7 8.9 10.5 27.1 17.7 47.8 IE00B95L3899 Weekly Ireland Fiera Capital Stefan Bottcher, Dominic Bo... Article 8 61 98 35 16 40
Allspring (Lux) Worldwide - Global Long/Short Equity Oct 2017 Global £95m 0.75% 20% 1,000,000 Daily 3.7 8.2 3.6 0.5 4.3 8.6 14.8 16.2 8.7 17.9 LU1699723380 Daily Luxembourg Allspring Global Investments David Krider, Dennis Bein, ... Article 6 38 76 19 13 28
CRM Long/Short Opportunities UCITS Dec 2015 US £54m 0.75% 15% 50,000,000 Daily 0.9 7.9 5.4 -0.2 1.5 8.5 10.7 13.2 11.4 11.3 IE00BD4DSN47 Daily Ireland Cramer Rosenthal McGlynn, LLC Mimi Morris, Jason Yellin Article 8 45 47 36 14 42
Alger SICAV - Alger Dynamic Opportunities Fund Aug 2014 US £47m 0.85% 100,000 Daily 0.9 8.9 4.8 0.7 2.0 8.4 19.5 16.5 5.0 -0.7 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
InRIS Parus Jul 2013 Global £124m 1.65% 20% No 350,000 Daily 2.1 7.7 -6.6 -0.1 1.7 8.3 3.5 1.5 1.8 16.3 IE00BCBHZC00 Daily Ireland Parus Finance (UK) Limited Fabrice Vecchioli, Edouard ... Yes Yes Article 8 Yes Yes Yes 81 74 76 80 67
Schroder GAIA Sirios US Equity Feb 2013 US £138m 1.50% 20% 500,000 Daily 2.3 7.8 12.4 0.5 2.4 7.9 12.7 20.9 19.7 26.9 LU0885728070 Daily Luxembourg Sirios Capital Management John F. Brennan, Jr. Article 6 65 83 25 22 67
UBS Equity Opportunity Long Short Oct 2010 Europe £65m 0.75% 20% Daily -0.4 7.5 -11.6 0.7 0.0 7.6 1.6 -2.2 0.7 3.4 IE00B841P542 Daily Ireland UBS Asset Management Max Anderl, Jeremy Leung Article 6 59 9 60 68 13
MontLake Virtuoso Jul 2020 Europe £8m 1.50% 20% 1,000,000 Daily 3.3 7.0 2.9 0.2 2.7 6.8 6.3 1.5 -8.7 -14.4 IE00BLDGJW61 Daily Ireland Virtuoso Advisory Aimone Beretta, Alberto Ma... 1 4 18 6 4
Ox Capital Dynamic Asia Fund Nov 2022 Asia £81m 0.70% 15% No 0 Daily 4.5 3.5 -4.8 0.7 4.1 6.8 7.7 1.3 IE000I5GPA28 Daily Ireland Ox Capital Management Dr Joseph Lai Yes Yes Article 8 Yes N/A N/A
Franklin K2 Electron Global UCITS Fund Sep 2019 Global £83m 1.25% 15% 5,000,000 Daily 3.5 7.1 -6.2 1.1 4.4 6.6 9.2 3.1 11.7 12.9 LU2164518057 Daily Luxembourg Electron Capital Partners Ran Zhou Article 6 45 67 38 10 30
Boston Partners Global Long/Short Nov 2017 Global £41m 1.00% 15% 500,000 Daily 4.7 6.4 7.4 0.6 4.1 6.4 11.2 16.7 23.4 42.7 LU1683353343 Daily Luxembourg Boston Partners Global Inve... Christopher K. Hart, CFA an... Article 6 85 98 53 73 74
SWMC European Fund Nov 2011 Europe £46m 1.00% 20% 1,000,000 Daily 6.8 6.1 11.0 1.4 6.5 6.3 9.0 14.9 13.7 21.1 IE00B4LH9995 Daily Ireland S. W. Mitchell Capital Stuart Mitchell 44 87 21 7 27
Platinum World Portfolios - Asia Fund Nov 2015 Asia £14m 0.75% 15% Yes 500,000 Daily 2.7 2.3 -1.0 1.2 1.8 6.1 5.7 0.6 -4.6 -21.8 IE00BYRGR522 Daily Ireland Platinum Asset Management Andrew Clifford & Cameron R... Yes Yes Article 6 Yes Yes N/A 1 2 46 9 2
Alliance Bernstein Select Absolute Alpha Portfolio Mar 2012 US £492m 1.00% 20% 500,000 Daily 1.3 6.0 8.6 -0.2 1.6 5.9 11.2 16.0 5.0 13.2 LU0736560284 Daily Luxembourg Alliance Bernstein Kurt Feuerman, Anthony Nappo Article 8 50 73 4 14 50
MontLake Disciplined Alpha U.S. Long Short UCITS Fund Jun 2020 US £2m 1.25% 20% 5,000,000 Daily 0.3 6.0 -20.6 0.3 5.8 5.1 -3.8 -17.5 10.9 IE00BLWDTQ26 Daily Ireland Disciplined Alpha LLC Kevin W. Shea 42 73 48 36 11
Infusive Consumer Alpha Global Leaders Fund Jun 2016 Global £120m 1.00% N/A 1,000,000 Daily 1.2 5.8 5.5 -0.8 1.0 5.8 15.3 9.2 -3.2 -25.9 LU1288897017 Daily Luxembourg Infusive Asset Management Jacques Jenny & Alexander C... 21 1 9 1 1
Franklin K2 Wellington Technology Long Short UCITS Fund Sep 2019 Global £17m 1.20% 15% 5,000,000 Daily -0.2 6.5 29.0 0.4 -0.1 5.6 21.9 31.6 0.5 -5.2 LU2164518487 Daily Luxembourg Wellington Management John Averill, Bruce Glazer Article 6 12 9 32 2 3
Antipodes Global Fund Jul 2017 Global £158m 1.10% 20% Yes 1,000,000 Daily 3.6 4.2 10.0 0.4 3.3 5.5 10.4 7.6 9.2 4.4 IE00BYPF2Y51 Daily Ireland Antipodes Global Investment... Jacob Mitchell Yes Yes Article 8 Yes Yes N/A 19 45 17 7 13
Man TargetRisk Global Equities Sep 2023 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
Alken Fund Absolute Return Europe Jan 2011 Europe £82m 1.50% 20% Yes 0 Daily 5.1 5.8 2.6 1.7 4.6 5.2 9.9 9.6 7.2 23.4 LU0572586674 Daily Luxembourg Alken Asset Management Nicolas Walewski Yes Article 8 81 85 24 30 54
Incline Global Long/Short Equity UCITS Dec 2015 Global £6m 1.50% 20% No 1,000,000 Daily -0.7 4.5 31.1 -1.0 -0.2 5.0 12.0 26.4 5.4 -11.2 IE00BYSPZ763 Daily Ireland International Asset Managem... Jeff Lignelli Yes Yes Article 6 No N/A N/A 15 3 22 1 2
Portland Hill Fund SICAV - ESG Catalyst Driven Strategy Sep 2014 Global £37m 1.50% 20% No 1,000,000 Daily 2.2 4.5 15.3 0.8 1.2 5.0 13.0 10.4 1.3 -14.9 LU1106978643 Daily Luxembourg Other Thierry Lucas No Yes Article 8 Yes Yes No 2 3 15 2 2
BANOR SICAV Greater China Equity Jan 2013 Asia £95m 1.40% 17.5% 500,000 Daily 1.0 2.0 -5.3 -1.1 0.9 4.9 7.9 -0.4 -15.9 -63.2 LU1082251577 Daily Luxembourg Banor Capital Ltd 0 0 70 3 0
Kairos International SICAV - Italia Jun 2013 Europe £187m 1.90% 3,000,000 Daily 3.0 4.6 10.6 0.8 2.6 4.4 7.4 10.2 9.4 11.4 LU1135138375 Daily Luxembourg Kairos Partners Massimo Trabattoni, Vittori... 56 66 21 12 23
Jupiter UK Dynamic Equity Jul 2009 UK £105m 1.00% 20% 100,000 Daily 3.7 4.4 -2.4 1.5 3.6 4.3 8.5 7.0 -12.6 -24.1 IE00BLP59322 Daily Ireland Merian Global Investors Luke Kerr Article 6 1 2 20 1 0
U Access (IRL) Shannon River Oct 2019 US £37m 1.20% 20% 1,000,000 Daily 0.8 3.8 28.6 0.0 0.6 3.7 17.4 21.5 17.8 4.5 IE00BKDRX971 Daily Ireland Shannon River Fund Manageme... Spencer Waxman 14 23 49 17 6
Coeli Renewable Opportunities Feb 2023 Global £21m 1.00% 20% Daily 4.6 3.5 2.1 5.3 3.6 9.1 7.9 LU2437561033 Daily Luxembourg Coeli Asset Management AB Joel Etzler, Vidar Kalvoy
Dalton Asia Pacific UCITS Jul 2013 Asia £110m 1.50% 15% No 1,000,000 Daily 0.3 1.5 13.9 1.1 0.6 3.5 3.9 13.0 17.1 19.6 IE00BFXZM553 Daily Ireland Dalton Investments James B. Rosenwald III Yes Yes Article 8 Yes Yes N/A 55 85 64 59 62
SEB Sissener Canopus Apr 2012 Europe £246m 1.10% 20% 1,000,000 Daily 3.2 3.0 5.5 0.6 4.2 3.2 6.3 14.6 15.9 19.1 LU0694232058 Daily Luxembourg Sissener AS Jan Petter Sissener, Bjorn ... 77 88 48 36 49
Platinum World Portfolios - International Fund Nov 2015 Global £34m 1.40% 0% No 100,000 Daily 3.3 1.5 5.8 1.0 2.6 3.1 8.6 6.1 4.9 -2.9 IE00BYRGQZ50 Daily Ireland Platinum Asset Management Andrew Clifford, Clay Smoli... Yes Yes Article 6 Yes Yes N/A 16 38 24 8 11
Ennismore Global Equity Fund Oct 2016 Global £143m 2.00% 20% No 15,000 Daily 2.3 2.4 11.4 1.6 2.2 3.1 3.2 11.7 30.0 29.5 IE00BDB52S65 Daily Ireland Ennismore Fund Management Geoff Oldfield, Richard Stu... No No Article 6 No Yes N/A 76 92 72 75 55
Varenne Valeur Jan 2003 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
Pictet TR - Corto Europe Apr 2010 Europe £467m 1.10% 20% Yes 1,000,000 Daily 1.5 3.0 1.4 0.3 1.7 2.8 3.8 3.6 1.4 5.3 LU0496442640 Daily Luxembourg Pictet Funds (Europe) S.A. Philippe Sarreau Yes Yes Article 6 Yes Yes Yes 62 41 76 58 80
E.I. Sturdza Funds plc - Strategic Long Short Fund Jan 2022 Global £71m 1.00% 15% 1,000,000 Daily 1.9 2.7 8.1 0.3 1.7 2.7 12.7 8.4 IE0009O2NRD1 Daily Ireland Crawford Fund Management LLC Christopher L. Crawford Article 8
Finlabo Dynamic Emerging Markets May 2010 Emerging Markets £5m 1.50% 20% 50,000 Daily 1.2 1.7 -5.2 -0.6 1.4 2.6 0.4 -1.4 -10.1 -5.4 LU0507282183 Daily Luxembourg Finlabo SIM Alessandro Guzzini, Anselmo... 26 44 85 47 28
Pictet Mandarin Oct 2010 Asia £448m 1.10% 20% Yes 1,000,000 Daily 1.1 2.3 3.4 0.1 0.7 2.5 3.9 3.2 4.4 -10.8 LU0496443457 Daily Luxembourg Pictet Funds (Europe) S.A. Lan Wang Simond Yes Yes Article 6 Yes Yes Yes 22 6 70 37 10
WS Lancaster Absolute Return May 2009 Global £375m 0.75% 20% No 100,000 Daily 2.1 0.6 -7.8 3.0 1.5 2.4 -2.3 -8.4 9.6 5.6 GB00B55NGS86 Daily UK Lancaster Investment Manage... James Hanbury, Jamie Grimston No No Article 6 No N/A N/A 62 63 45 54 54
Liontrust GF Tortoise Fund Aug 2007 Global £4m 1.00% 20% Yes 500,000 Daily 1.7 2.4 9.6 0.9 1.7 2.4 5.6 6.0 22.7 27.9 IE00B3CQKZ16 Daily Ireland Majedie Asset Management Liontrust Yes Yes Article 6 No Yes N/A 88 98 82 90 61
Levendi Thornbridge Defined Fund Jan 2018 Global £110m 0.60% 5,000,000 Daily 1.0 1.9 12.6 0.5 1.1 2.3 6.3 10.4 16.3 21.3 IE00BYV3WJ85 Daily Ireland Levendi Investment Manageme... Thornbridge Investment Mana... 67 86 8 22 53
Westbeck Energy Transition UCITS Fund May 2023 Global £48m 1.50% 20% No 500,000 Daily 0.8 1.4 -0.9 1.0 2.0 -0.7 IE000EW86791 Daily Ireland Westbeck Capital Management... Will Smith No Yes Article 8 Yes N/A N/A
Kairos European Long/Short Jun 2016 Global £94m 1.50% 20% Daily 1.7 1.9 8.9 0.0 1.6 1.9 6.3 7.2 26.0 17.3 LU1420448380 Daily Luxembourg Kairos Partners Kairos Partners 60 80 43 38 33
KLS Corinium Emerging Markets All Weather Apr 2017 Emerging Markets £36m 1.30% 0% No 100,000 Daily 0.6 0.7 -4.5 0.8 0.2 1.7 7.5 2.0 -12.6 -17.9 IE00BYQ00780 Daily Ireland Kepler Partners LLP Ed Butchart Yes Yes Article 6 Yes Yes Yes 2 3 37 14 4
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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.