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 1.8 2.0
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
WS Lancaster Absolute Return May 2009 Directional 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
Carmignac Portfolio Long Short European Equities Nov 2013 Conservative Europe £486m 0.85% 20% No 0 Daily 3.2 12.7 2.0 2.4 3.7 12.9 16.3 16.0 12.4 24.7 LU0992627454 Daily Luxembourg Carmignac Gestion Malte Heininger Yes Yes Article 8 Yes Yes N/A 57 67 90 83 62
Coeli Renewable Opportunities Feb 2023 Directional 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
Schroder GAIA Contour Tech Equity Dec 2017 Conservative Global £141m 1.25% 20% 500,000 Weekly 3.7 7.0 23.8 2.0 3.5 6.7 12.8 21.2 21.7 9.8 LU1725200148 Weekly Luxembourg Contour Asset Management David Meyer Article 6 21 46 66 87 7
MontLake Cooper Creek Partners North America Long Short Equity Nov 2018 Conservative US £402m 1.50% 20% No 100,000 Daily 3.8 3.9 8.9 1.9 3.7 4.0 4.3 12.3 31.0 71.7 IE00BG08P444 Daily Ireland ML Capital Asset Management Rob Schwartz Yes Yes Article 6 No N/A N/A 90 98 80 86 59
Janus Henderson Horizon Pan European Absolute Return Fund Dec 2006 Conservative Europe £198m 1.00% 20% Yes 1,000,000 Daily 4.4 6.7 4.7 1.8 4.4 6.3 11.5 13.1 9.6 10.3 LU0264597617 Daily Luxembourg Janus Henderson Investors John Bennett, Robert Schram... Yes Yes Article 6 Yes Yes N/A 26 50 32 34 35
UBS Global Equity Long-Short Fund Aug 2012 Conservative Global £218m 0.60% 20% 10,000,000 Daily 2.9 6.6 6.1 1.7 2.6 6.6 4.8 11.1 16.0 29.0 IE00B85KLG36 Daily Ireland UBS Asset Management Scott Wilkin, Charles Burbeck Article 6 97 89 56 73 86
Alken Fund Absolute Return Europe Jan 2011 Directional 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
Janus Henderson European Absolute Return Fund Jan 2009 Conservative Europe £26m 0.75% 20% Yes 3,000,000 Daily 4.0 6.8 7.3 1.7 4.1 6.4 12.1 14.8 14.8 17.8 GB00B3CPX375 Daily UK Janus Henderson Investors John Bennet, Robert Schramm... Yes Yes Article 6 Yes Yes N/A 63 74 30 38 53
Ennismore Global Equity Fund Oct 2016 Directional 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
Jupiter UK Dynamic Equity Jul 2009 Directional 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
Finlabo Dynamic Equity Jun 2008 Directional 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
Aperture European Innovation Fund Dec 2019 Directional 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
SWMC European Fund Nov 2011 Directional 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
Nomura Alpha Japan Long Short Jun 2012 Conservative Japan £29m 2.00% 20% None 1,000 Weekly 1.2 4.1 3.6 1.3 1.0 5.4 3.2 5.7 12.9 12.5 IE00B5T4H735 Weekly Ireland Nomura Alternative Investme... Nomura 85 69 54 52 73
Lupus Alpha All Opportunities Fund (C) Jan 2008 Conservative Europe £69m 1.00% 20% Yes 500,000 Daily 1.2 -5.0 9.6 1.3 0.0 -4.8 -1.4 3.6 0.4 -1.7 LU0329425713 Daily Luxembourg Lupus alpha Asset Managemen... Franz Fuehrer No No Article 6 No N/A N/A 40 78 38 22 29
Schroder GAIA SEG US Equity Dec 2011 Directional 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
Iguana Investments Long/Short Equity Fund Apr 2021 Conservative UK £80m 0.80% 0% No 10,000,000 Daily 4.4 9.3 -4.0 1.2 4.7 9.1 10.8 7.9 IE00BMD7VL99 Daily Ireland Iguana Investments Ltd Chris Reid No Yes Article 8 Yes Yes N/A
Pictet TR Atlas Titan Oct 2020 Conservative Global £130m 1.10% 20% Yes 1,000,000 Daily 3.6 8.4 6.9 1.2 3.9 8.5 11.7 13.4 11.2 15.4 LU2206555984 Daily Luxembourg Pictet Funds (Europe) S.A. Mathieu Fleck Yes Yes Article 6 Yes Yes Yes 54 69 41 41 67
Platinum World Portfolios - Asia Fund Nov 2015 Directional 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
Veritas Global Real Return Jan 2010 Conservative Global £345m 1.00% 50,000 Daily 2.2 5.3 8.4 1.1 2.1 5.6 7.2 9.5 8.0 12.1 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 3.9 8.3 10.7 1.1 4.0 8.5 14.8 18.0 21.9 17.1 LU1153525040 Daily Luxembourg BlackRock Investment Manage... Kevin Franklin, Gearoid Nel... Yes Yes Article 6 Yes Yes Yes 71 77 56 75 85
Franklin K2 Electron Global UCITS Fund Sep 2019 Directional 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
SpesX - Energy Transition Liquid Opportunities Fund Sep 2023 Directional Global 1.00% 15% No 100,000 Daily 0.9 -9.0 1.1 1.2 -8.6 2.0 IE000AMQNGY9 Daily Ireland Fondo Italiano per l'Effici... Luca Moro Yes Yes Article 8 Yes Yes Yes
Anima Star High Potential Europe Nov 2009 Conservative Europe £856m 0.60% 15% 15,000 Daily 2.4 3.8 0.6 1.1 2.4 4.0 6.0 5.0 4.0 8.8 IE0032464921 Daily Ireland Anima Sgr Lars Schickentanz 65 52 44 56 95
U Access (IRL) Bain Capital Global Equity LS Sustainable UCITS Dec 2021 Conservative Global £52m 1.20% 15% No 5,000,000 Daily 3.3 7.4 5.9 1.1 3.9 7.6 12.7 15.1 6.1 IE000VI1O6T8 Daily Ireland Bain Capital Joshua Ross Yes Yes Article 8 Yes N/A N/A
Dalton Asia Pacific UCITS Jul 2013 Directional 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
Bestinver Tordesillas SICAV - Iberia Long‐Short Jun 2016 Directional 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
BANOR SICAV Mistral Long Short Equity Jun 2010 Directional 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
Platinum World Portfolios - International Fund Nov 2015 Directional 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 European Smaller Companies Fund Jan 1999 Directional 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
Liontrust GF Tortoise Fund Aug 2007 Directional 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
BlackRock UK Equity Absolute Return Aug 2016 Conservative UK £270m 0.75% 20% No 0 Daily 1.3 2.2 5.4 0.8 1.2 2.3 2.5 7.1 13.6 16.8 LU1430596426 Daily Luxembourg BlackRock Investment Manage... Nigel Ridge Yes Yes Article 6 Yes Yes Yes 99 77 80 75 98
Pictet TR Atlas Nov 2016 Conservative Global £1.9b 1.10% 20% Yes 1,000,000 Daily 2.1 4.9 6.3 0.8 2.4 5.0 7.3 9.6 10.5 12.4 LU1433231963 Daily Luxembourg Pictet Funds (Europe) S.A. Mathieu Fleck Yes Yes Article 6 Yes N/A Yes 82 61 37 56 85
Kairos International SICAV - Italia Jun 2013 Directional 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
Portland Hill Fund SICAV - ESG Catalyst Driven Strategy Sep 2014 Directional 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
KLS Corinium Emerging Markets All Weather Apr 2017 Directional 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
Man GLG Innovation Equity Alternative Dec 2016 Conservative US £71m 1.00% 20% Yes 1,000,000 Daily 0.1 3.2 9.3 0.8 0.6 3.4 7.1 14.7 11.1 2.2 IE00BDRKSX26 Daily Ireland Man Group Plc Mike Corcell, Alex Robarts Yes Yes Article 8 Yes N/A N/A 31 31 83 61 40
UBS (Irl) Investor Selection - O'Connor China Long/Short Alpha Strategies Sep 2021 Conservative Asia £173m 1.65% 20% No 100 Daily 2.5 9.5 -2.3 0.8 2.3 9.1 11.7 11.9 16.9 IE000PWARWS0 Daily Ireland UBS O'Connor LLC UBS O'Connor LLC No No Article 6 No N/A N/A
JMS AlphaCore One Apr 2008 Conservative Europe £176m 1.00% 20% 20,000 Weekly 1.3 1.6 9.9 0.8 1.7 2.2 7.6 5.6 8.2 5.5 IE00BF0W0N34 Weekly Ireland JMS Invest AG Jean-Marc Mueller, Michael ... Article 8 32 29 31 29 34
Quadriga QSR Global Jul 2022 Directional 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
BlackRock UK Absolute Alpha Apr 2005 Conservative UK £128m 0.75% 20% No 100,000 Daily 1.3 2.4 5.5 0.7 1.3 2.4 3.1 7.8 13.0 15.2 GB00B11V7T69 Daily UK BlackRock Investment Manage... Nigel Ridge, Richard Wingfield Yes Yes Article 6 Yes Yes Yes 100 71 86 74 98
Ox Capital Dynamic Asia Fund Nov 2022 Directional 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
Credit Suisse Small and Mid Cap Alpha Long/Short Jul 2010 Directional Europe £225m 1.80% 20% 3,000,000 Weekly 1.8 -1.6 5.5 0.7 1.1 -2.1 1.9 0.0 -2.2 -6.5 LU0525285937 Weekly Luxembourg Credit Suisse Asset Managem... Felix Mayer, Jan Berg, Gian... Article 8 24 15 2 10 14
Alger SICAV - Alger Dynamic Opportunities Fund Aug 2014 Directional 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
UBS Equity Opportunity Long Short Oct 2010 Directional 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
Boston Partners Global Long/Short Nov 2017 Directional 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
Eleva Absolute Return Europe Dec 2015 Conservative Europe £3.1b 1.00% 20% Yes 1,000,000 Daily 2.1 4.9 5.6 0.6 2.2 5.0 7.5 8.1 12.5 17.0 LU1331974276 Daily Luxembourg Eleva Capital LLP Eric Bendahan Article 8 Yes Yes 93 68 34 45 91
Sycomore L/S Opportunities Oct 2004 Directional Europe £136m 1.00% 25% 4% Daily 2.6 -0.3 4.6 0.6 1.8 -0.3 4.6 3.2 -6.5 -13.3 FR0010473991 Daily France Sycomore Asset Management Gilles Sitbon 16 7 13 8 8
SEB Sissener Canopus Apr 2012 Directional 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
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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.