Sub Index - Equity Long / Short Conservative

These managers employ a low net approach, generally -10% to +30% beta adjusted, trying to generate returns from fundamental stock alpha on both sides of the book without taking any meaningful beta exposure in portfolios. These funds are generally focused on generating high Sharpe ratios in all market environments, and as such they typically show a 'controlled' low volatility profile. However this is only half the story, as clearly low net does not always mean low risk, with funds able to employ not insignificant leverage which potentially increases factor bets.


Strategy AUM
31 December 2023
£17.2b
-18.8% YoY

Performance

Monthly Returns

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YTD
2024 0.9 1.7 2.6
2023 1.7 -0.5 0.5 0.1 0.1 0.4 0.2 0.2 0.0 -0.2 2.0 1.2 6.0
2022 -0.9 -0.5 0.1 -0.7 -0.9 -1.1 0.9 -0.3 -1.1 0.7 0.6 0.3 -2.8
2021 -1.3 2.0 0.7 1.2 0.0 0.2 0.0 0.5 -0.3 0.8 -0.8 0.6 3.5
2020 -0.1 -2.0 -3.1 2.3 0.4 1.1 0.9 1.0 -0.2 -0.2 2.6 1.9 4.8
2019 1.3 0.3 -0.1 0.4 -0.6 0.5 0.4 -0.2 -0.1 0.3 0.5 0.8 3.5
2018 1.0 -0.7 0.0 0.4 0.4 -0.3 0.1 -0.1 -0.3 -1.9 -0.8 -0.8 -3.0
2017 0.6 0.0 0.7 0.7 0.5 -0.2 0.6 0.1 0.4 0.4 -0.3 0.1 3.7
2016 -1.5 -0.9 0.2 -0.3 0.7 -1.1 0.8 0.3 0.5 -0.2 -0.4 0.8 -1.3
2015 1.0 1.1 0.6 0.1 1.0 -0.9 1.3 -0.7 -0.6 0.6 0.2 0.2 4.0
2014 0.3 1.5 -0.8 -0.9 0.7 0.1 -0.4 0.6 0.3 0.0 1.1 0.3 2.6
2013 1.8 0.8 0.8 -0.2 1.1 -0.3 1.8 -0.4 0.7 1.8 0.8 1.0 10.2
2012 1.2 1.4 0.6 0.1 -1.8 0.3 1.0 0.7 0.7 0.2 0.7 0.7 5.7
2011 -0.5 0.5 0.0 0.9 0.2 -0.3 -0.4 -1.7 -0.2 0.9 -0.8 0.4 -1.0
2010 -0.5 0.3 2.4 0.0 -2.2 -0.7 0.8 -0.1 1.3 1.1 0.2 1.8 4.5
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
Ambienta X Alpha May 2020 Global £357m 1.50% 20% 500,000 Weekly 0.0 IE00BKM62655 Weekly Ireland Ambienta SGR Fabio Pecce 9 25 16 6 12
Amundi Sandler US Equity Fund Nov 2016 US £535m 1.40% 20% No 100,000 Daily 0.8 4.4 3.3 0.5 1.3 4.5 5.8 6.8 8.5 12.1 IE00BFZPZY37 Daily Ireland Sandler Capital Management Andrew Sandler Yes Yes Article 6 Yes Yes Yes 75 46 92 66 80
Anima Star High Potential Europe Nov 2009 Europe £856m 0.60% 15% 15,000 Daily 1.0 2.4 0.6 0.8 1.3 3.1 4.4 3.8 4.1 7.0 IE0032464921 Daily Ireland Anima Sgr Lars Schickentanz 65 52 44 56 95
Anima Star High Potential Italy Mar 2014 Europe £15m 0.60% 15% None 500 Daily -0.9 -3.6 5.0 -0.3 -1.3 -2.8 -0.5 1.1 2.1 0.8 IE00BJBQBS44 Daily Ireland Anima Sgr Samuele Chiodetto 38 60 39 37 73
BlackRock Emerging Companies Absolute Return Oct 2018 UK £260m 1.00% 20% No 10,000,000 Daily 1.7 7.1 12.6 0.7 1.9 8.4 11.1 17.8 8.9 6.3 LU1861218136 Daily Luxembourg BlackRock Investment Manage... Dan Whitestone Yes Yes Article 6 Yes Yes Yes 17 22 24 10 5
BlackRock European Absolute Alpha Fund Mar 2009 Europe £355m 0.75% 20% No 100,000 Daily 0.9 7.4 6.1 0.3 2.3 7.5 13.0 13.6 12.3 23.6 GB00B4Y62T40 Daily UK BlackRock Investment Manage... Stefan Gries, Stephanie Bot... Yes Yes Article 6 Yes Yes Yes 47 53 46 37 39
BlackRock European Absolute Return Fund Feb 2009 Europe £793m 1.00% 20% No 5,000 Daily 0.9 7.7 4.3 0.5 2.5 7.7 12.9 12.2 8.9 20.3 LU0411704413 Daily Luxembourg BlackRock Investment Manage... Stefan Gries, Stephanie Bot... Yes Yes Article 6 Yes Yes Yes 55 52 77 60 66
BlackRock Global Equity Absolute Return Fund Dec 2018 Global £21m 1.00% 20% No 10,000,000 Daily 1.1 2.8 9.3 0.4 0.8 4.6 6.8 11.2 8.4 -10.0 LU1908247643 Daily Luxembourg BlackRock Investment Manage... James Bristow, Gareth Williams Yes Yes Article 6 Yes Yes Yes 31 10 34 17 9
BlackRock Global Long/Short Equity (Lux) Jun 2014 Global £17m 1.20% 0% No 100,000 Daily 1.9 6.2 10.7 1.0 2.7 7.0 13.8 15.8 20.2 14.8 LU1153525040 Daily Luxembourg BlackRock Investment Manage... Kevin Franklin, Gearoid Nel... Yes Yes Article 6 Yes Yes Yes 71 77 56 75 85
BlackRock UK Absolute Alpha Apr 2005 UK £128m 0.75% 20% No 100,000 Daily 0.9 2.0 5.5 0.5 1.1 2.8 3.2 8.1 12.8 15.6 GB00B11V7T69 Daily UK BlackRock Investment Manage... Nigel Ridge, Richard Wingfield Yes Yes Article 6 Yes Yes Yes 100 71 86 74 98
BlackRock UK Equity Absolute Return Aug 2016 UK £270m 0.75% 20% No 0 Daily 1.0 1.9 5.4 0.4 0.6 2.6 2.8 7.2 13.3 17.1 LU1430596426 Daily Luxembourg BlackRock Investment Manage... Nigel Ridge Yes Yes Article 6 Yes Yes Yes 99 77 80 75 98
Carmignac Portfolio Long Short European Equities Nov 2013 Europe £486m 0.85% 20% No 0 Daily 1.2 10.6 2.0 -0.5 3.0 11.4 14.3 13.7 11.1 21.1 LU0992627454 Daily Luxembourg Carmignac Gestion Malte Heininger Yes Yes Article 8 Yes Yes N/A 57 67 90 83 62
Eleva Absolute Return Europe Dec 2015 Europe £3.1b 1.00% 20% Yes 1,000,000 Daily 1.1 3.8 5.6 0.7 1.5 4.1 5.8 7.7 11.7 15.1 LU1331974276 Daily Luxembourg Eleva Capital LLP Eric Bendahan Article 8 Yes Yes 93 68 34 45 91
GAM Star Alpha Technology May 2010 Global £35m 0.80% 10% No 0 Daily 2.2 7.2 11.6 1.3 3.3 9.3 20.5 26.0 2.0 8.6 IE00BJTCXH70 Daily Ireland GAM Investments Mark Hawtin No No Article 6 No N/A N/A 12 14 33 7 6
Heptagon Kettle Hill US L/S Equity Oct 2017 US £74m 1.50% 15% 2,000,000 Daily -0.1 1.3 11.1 -0.9 1.5 1.7 8.3 12.4 9.7 8.0 IE00BF1D7H82 Daily Ireland Kettle Hill Capital Management Andrew Kurita Article 6 50 65 45 32 38
IAM Carrhae Capital UCITS Mar 2022 Emerging Markets £98m 1.50% 20% 1,000,000 Weekly -0.1 -2.9 -2.7 -0.4 -3.1 -3.2 -5.8 3.3 IE0005NN50H5 Weekly Ireland Carrhae Capital Ali Akay
Iguana Investments Long/Short Equity Fund Apr 2021 UK £80m 0.80% 0% No 10,000,000 Daily 2.6 7.4 -4.0 -0.1 4.2 8.7 9.0 7.4 IE00BMD7VL99 Daily Ireland Iguana Investments Ltd Chris Reid No Yes Article 8 Yes Yes N/A
Janus Henderson Absolute Return Fund Apr 2009 UK £907m 1.00% 20% Yes 500,000 Daily 0.5 1.8 6.8 0.4 1.0 2.3 4.1 7.5 9.5 9.4 GB00B5KKCS68 Daily UK Janus Henderson Investors Ben Wallace, Luke Newman Yes Yes Article 6 Yes Yes N/A 71 56 18 48 78
Janus Henderson Absolute Return Fund (Lux) Mar 2005 UK £1.8b 1.00% 20% Yes 1,000,000 Daily 0.5 1.7 7.0 0.3 0.8 2.2 4.1 7.7 9.6 9.9 LU0200083342 Daily Luxembourg Janus Henderson Investors Ben Wallace, Luke Newman Yes Yes Article 6 Yes Yes N/A 80 59 20 51 83
Janus Henderson European Absolute Return Fund Jan 2009 Europe £26m 0.75% 20% Yes 3,000,000 Daily 1.6 4.3 7.3 1.6 2.7 4.6 9.2 13.5 15.0 14.7 GB00B3CPX375 Daily UK Janus Henderson Investors John Bennet, Robert Schramm... Yes Yes Article 6 Yes Yes N/A 63 74 30 38 53
Janus Henderson Horizon Pan European Absolute Return Fund Dec 2006 Europe £198m 1.00% 20% Yes 1,000,000 Daily 1.6 3.9 4.7 1.7 2.6 4.1 8.2 11.2 9.3 7.0 LU0264597617 Daily Luxembourg Janus Henderson Investors John Bennett, Robert Schram... Yes Yes Article 6 Yes Yes N/A 26 50 32 34 35
JMS AlphaCore One Apr 2008 Europe £176m 1.00% 20% 20,000 Weekly 0.4 0.6 9.9 -0.2 1.2 7.3 4.9 7.5 5.9 IE00BF0W0N34 Weekly Ireland JMS Invest AG Jean-Marc Mueller, Michael ... Article 8 32 29 31 29 34
Jupiter UK Specialist Equity Apr 2016 UK £28m 1.00% 20% 10,000 Daily 1.1 5.2 4.7 1.2 1.6 5.0 8.2 10.3 5.3 1.5 IE00BYXJSC96 Daily Ireland Merian Global Investors Tim Service Article 6 29 14 63 57 30
Lazard European Alternative Oct 2015 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
Lumyna - MW TOPS UCITS Fund Mar 2009 Europe £1.9b 2.00% 20% 100,000 Weekly 0.1 3.0 4.7 -0.3 1.0 4.1 6.4 10.7 13.6 20.9 LU2367650913 Weekly Ireland Marshall Wace LLP Anthony Clake 97 89 98 80 93
Lupus Alpha All Opportunities Fund (C) Jan 2008 Europe £69m 1.00% 20% Yes 500,000 Daily -0.3 -6.4 9.6 -0.3 -1.5 -3.9 -3.5 0.7 0.0 -3.8 LU0329425713 Daily Luxembourg Lupus alpha Asset Managemen... Franz Fuehrer No No Article 6 No N/A N/A 40 78 38 22 29
Man GLG Absolute Value Fund Jun 2017 UK £333m 0.75% 20% Yes 500,000 Daily 1.5 4.0 9.2 1.1 1.7 4.2 9.2 14.2 17.8 21.3 GB00BF1X8084 Daily UK Man Group Plc Jack Barrat No Yes Article 6 Yes N/A N/A 87 81 50 55 79
Man GLG European Mid-Cap Equity Alternative Mar 2015 Europe £13m 1.00% 20% Yes 1,000,000 Daily -0.8 3.3 2.4 -0.2 -0.1 4.0 4.2 5.3 3.2 4.3 IE00BYXWT366 Daily Ireland Man Group Plc Brentley Campbell No Yes Article 6 No N/A N/A 27 34 75 61 54
Man GLG Innovation Equity Alternative Dec 2016 US £71m 1.00% 20% Yes 1,000,000 Daily -1.2 1.9 9.3 0.1 -0.4 2.8 6.4 13.4 10.9 0.4 IE00BDRKSX26 Daily Ireland Man Group Plc Mike Corcell, Alex Robarts No Yes Article 8 Yes N/A N/A 31 31 83 61 40
Man GLG RI Global Sustainable Growth Alternative May 2021 Global £13m 1.00% 20% No 1,000,000 Daily 1.6 8.8 9.5 0.8 1.7 8.7 12.5 17.3 21.8 IE00BNG2T258 Daily Ireland Man Group Plc Rory Powe, Virginia Nordbac... No Yes Article 6 No Yes N/A
MFM Global Thematic Long Short Dec 2014 Global £8m 0.90% 10% Weekly 1.2 -2.1 4.0 1.5 0.8 -0.8 -1.9 0.3 0.0 -6.2 LU1105778002 Weekly Luxembourg Mirante Fund Management Alexis Dawance 23 17 21 15 14
MontLake Cooper Creek Partners North America Long Short Equity Nov 2018 US £402m 1.50% 20% No 100,000 Daily 1.6 1.7 8.9 -0.2 1.4 3.0 3.7 10.1 29.2 65.9 IE00BG08P444 Daily Ireland ML Capital Asset Management Rob Schwartz Yes Yes Article 6 No N/A N/A 90 98 80 86 59
MontLake Invenomic US Equity Long/Short UCITS Fund Sep 2021 US £709m 1.00% 20% No 1,000,000 Daily 2.7 -7.2 16.0 -0.2 0.4 -6.5 -4.7 -0.9 21.6 IE00BKFVXN15 Daily Ireland Invenomic Capital Managemen... Ali Motamed No Yes Article 6 No Yes Yes
Nomura Alpha Japan Long Short Jun 2012 Japan £29m 2.00% 20% None 1,000 Weekly -0.1 2.8 3.6 0.1 0.3 3.5 1.0 4.9 12.7 10.9 IE00B5T4H735 Weekly Ireland Nomura Alternative Investme... Nomura 85 69 54 52 73
Perspective American Absolute Alpha UCITS Fund Nov 2022 US £34m 1.00% 20% Yes 1,000,000 Daily 0.9 2.4 0.9 0.6 1.0 2.4 3.1 5.2 IE000RRMITS6 Daily Ireland Tavira Financial Ltd Stephen Moore Yes Yes Article 8 No N/A N/A
Pictet TR Atlas Nov 2016 Global £1.9b 1.10% 20% Yes 1,000,000 Daily 0.7 3.4 6.3 0.3 1.3 4.0 5.5 8.3 9.0 10.3 LU1433231963 Daily Luxembourg Pictet Funds (Europe) S.A. Mathieu Fleck Yes Yes Article 6 Yes N/A Yes 82 61 37 56 85
Pictet TR Atlas Titan Oct 2020 Global £130m 1.10% 20% Yes 1,000,000 Daily 1.2 5.9 6.9 0.5 2.2 6.7 8.4 11.2 8.9 11.6 LU2206555984 Daily Luxembourg Pictet Funds (Europe) S.A. Mathieu Fleck Yes Yes Article 6 Yes Yes Yes 54 69 41 41 67
Prosper Stars & Stripes May 2015 US £54m 1.40% 18% No 0 Daily 1.1 1.2 14.9 1.6 -0.4 2.8 3.9 7.7 11.7 1.2 LU0723589023 Daily Luxembourg Roubaix Capital, LLC Christopher Hillary No No Article 6 No N/A N/A 43 73 41 26 25
Sanlam AI Global Managed Risk UCITS Jun 2013 Global £38m 0.75% 1,000,000 Daily 1.0 2.9 17.3 -0.3 1.8 3.9 5.7 17.3 29.2 31.0 IE00B94Q3M90 Daily Ireland Sanlam AI 88 93 2 13 58
Schroder GAIA Contour Tech Equity Dec 2017 Global £141m 1.25% 20% 500,000 Weekly 1.5 4.7 23.8 1.1 2.3 5.7 10.0 19.7 18.5 7.6 LU1725200148 Weekly Luxembourg Contour Asset Management David Meyer Article 6 21 46 66 87 7
Schroder ISF European Alpha Absolute Return Feb 2014 Europe £41m 0.38% 20% Yes 1,000 Daily -0.2 0.4 -5.4 -0.4 -1.6 1.1 -7.7 -9.3 -8.3 -11.0 LU1388563725 Daily Luxembourg Schroders Nick Kissack, Bill Casey Yes Yes Article 8 Yes Yes Yes 41 11 69 65 19
Schroder Tellworth UK Dynamic Absolute Return Sep 2009 UK £69m 1.00% 20% 500,000 Daily 0.4 1.6 1.6 0.2 0.5 1.4 4.0 4.3 5.6 5.2 GB00B3N74T57 Daily UK Tellworth Investments Paul Marriage, John Warren 51 62 73 90 37
Selwood Equity Absolute Return UCITS Fund Apr 2022 Europe £119m 1.50% 20% No 100,000 Daily 2.3 -0.2 5.3 0.4 2.4 0.2 1.3 3.0 IE0008S9AZC5 Daily Ireland Selwood Asset Management Karim Moussalem, Kevin Guil... Yes Yes Article 6 No No No
Threadneedle Pan European Absolute Alpha Sep 2016 Europe £33m 0.75% 20% 1,500,000 Daily 1.1 6.7 12.4 1.6 3.4 7.7 16.6 16.7 17.3 15.8 LU1469429549 Daily Luxembourg Columbia Threadneedle Inves... Paul Doyle, Frederic Jeanma... Article 6 33 64 27 13 26
U Access (IRL) Bain Capital Global Equity LS Sustainable UCITS Dec 2021 Global £52m 1.20% 15% No 5,000,000 Daily 1.5 5.6 5.9 0.9 2.2 6.1 10.0 12.8 4.7 IE000VI1O6T8 Daily Ireland Bain Capital Joshua Ross Yes Yes Article 8 Yes N/A N/A
UBS Global Equity Long-Short Fund Aug 2012 Global £218m 0.60% 20% 10,000,000 Daily 0.6 4.3 6.1 1.3 1.2 4.2 3.5 8.6 15.9 27.5 IE00B85KLG36 Daily Ireland UBS Asset Management Scott Wilkin, Charles Burbeck Article 6 97 89 56 73 86
UBS (Irl) Investor Selection - O'Connor China Long/Short Alpha Strategies Sep 2021 Asia £173m 1.65% 20% No 100 Daily 1.6 8.6 -2.3 1.1 2.2 8.5 11.6 8.6 12.1 IE000PWARWS0 Daily Ireland UBS O'Connor LLC UBS O'Connor LLC No No Article 6 No N/A N/A
Veritas Global Real Return Jan 2010 Global £345m 1.00% 50,000 Daily 0.7 3.7 8.4 1.2 0.7 5.4 3.5 7.7 8.4 10.6 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.