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
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
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
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
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
Varenne Global Jan 2014 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
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
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
Ardtur European Focus Absolute Return Jan 2016 Europe £68m 0.75% 20% No 1,000,000 Daily 3.5 0.8 7.1 0.4 3.0 0.6 1.5 4.5 18.7 28.7 IE00BZ1J0335 Daily Ireland Odey Asset Management Oliver Kelton Yes Yes Article 6 No N/A N/A 85 95 84 82 70
BDLCM Funds - Rempart Sep 2005 Europe £38m 1.50% 20% 10,000,000 Weekly 1.4 1.2 5.2 0.3 1.0 0.9 6.0 6.1 19.3 28.7 LU1321110816 Weekly Luxembourg BDL Capital Management Hughes Beuzelin, Bastien Be... 98 96 78 86 63
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
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
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
BANOR SICAV Mistral Long Short Equity Jun 2010 Europe £93m 1.40% 17.5% 500,000 Daily 1.6 0.9 6.7 1.1 0.7 0.9 4.0 7.0 12.7 25.1 LU0510654501 Daily Luxembourg Banor Capital Ltd 75 94 92 85 72
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
Ennismore European Smaller Companies Fund Jan 1999 Europe £295m 2.00% 20% No 5,000 Daily 1.3 0.9 2.1 0.9 0.9 0.9 5.7 5.6 7.0 22.6 IE0004515239 Daily Ireland Ennismore Fund Management Tom Hearn, Christian Fiesse... No No Article 6 No Yes N/A 83 87 81 84 65
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
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
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
Banor SICAV Volta Long Short Equity Fund Jul 2011 US £23m 1.40% 17.5% 1,000 Daily 1.3 1.0 4.4 -0.9 1.1 1.2 0.6 11.2 2.4 20.8 LU1082251734 Daily Luxembourg Westbeck LLP Will Smith Article 8 67 92 50 27 45
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
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
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
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
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
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
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
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
Kairos International SICAV - Key Jun 2013 Europe £70m 1.90% 3,000,000 Daily 1.1 -2.0 11.9 0.5 0.7 -2.2 4.4 2.0 1.0 12.3 LU1135138532 Daily Luxembourg Kairos Partners Guido Brera, Oriana Bastian... 58 80 14 12 38
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
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
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
Neuberger Berman US Long Short Equity Feb 2014 US £154m 1.35% 2,500,000 Daily -0.6 1.3 13.3 -0.8 -0.4 1.6 7.5 11.6 9.4 10.3 IE00BJTCX997 Daily Ireland Neuberger Berman Charles Kantor Article 8 63 58 7 18 56
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
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
Moneta Long Short Dec 2006 Europe £316m 1.50% 20% Yes 10,000 Daily 0.6 0.9 6.0 0.3 0.1 0.9 3.2 5.4 3.3 5.5 FR0010400762 Daily France Moneta Asset Management Gregoire Uettwiller, Romain... 68 59 26 31 65
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
Finlabo Dynamic US Equity May 2010 US £4m 1.50% 20% 50,000 Daily 2.4 1.7 -14.7 -0.2 2.6 1.3 1.5 -3.1 -3.9 5.2 LU0507282423 Daily Luxembourg Finlabo SIM Alessandro Guzzini, Anselmo... 51 84 94 91 20
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
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
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
Kairos ActivESG Nov 2019 Europe £81m 1.00% 20% 3,000,000 Daily 1.2 0.7 14.3 0.0 0.7 1.1 9.5 7.9 7.1 2.2 LU2058904249 Daily Luxembourg Kairos Partners Riccardo Valeri, Massimilia... Article 9 23 30 24 20 26
Jupiter UK Opportunities Sep 2011 UK £7m 0.75% 15% 100,000 Daily -0.3 -0.3 5.9 0.2 -0.2 -0.2 1.6 3.9 6.2 -0.5 GB00BBQ2T099 Daily UK Merian Global Investors Simon Murphy 43 29 27 44 55
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
Finlabo Dynamic Equity Jun 2008 Europe £49m 1.50% 20% 50,000 Daily 3.4 1.7 -0.3 1.5 3.0 1.5 1.7 2.4 -4.4 -0.8 LU0507282852 Daily Luxembourg Finlabo SIM Alessandro Guzzini, Anselmo... 35 58 79 53 54
Platinum World Portfolios - Japan Fund Nov 2015 Japan £9m 1.40% 0% No 100,000 Daily -2.0 -1.3 13.9 -1.4 -1.9 1.0 7.9 8.5 2.0 -2.1 IE00BYRGRJ67 Daily Ireland Platinum Asset Management James Halse, Leon Rapp Yes Yes Article 6 Yes Yes N/A 20 50 6 3 12
Bestinver Tordesillas SICAV - Iberia Long‐Short Jun 2016 Europe £16m 1.00% 10% No 1,000,000 Daily 3.5 -0.1 3.9 1.1 1.4 0.2 0.8 4.3 -2.4 -2.8 LU1375654982 Daily Luxembourg Bestinver Ricardo Seixas Yes Yes Article 6 Yes N/A N/A 26 31 51 29 43
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
Quadriga QSR Global Jul 2022 Global £5m 0.75% 0% No 0 Daily 0.7 -14.6 7.7 0.7 -0.4 -15.4 -15.0 -15.6 -4.7 -5.0 LU1919525458 Daily Luxembourg Quadriga Asset Managers Christian Thum No No Article 6 No N/A N/A 48 63 35 21 36
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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.