NilssonHedge provides an (Equity) Market Neutral hedge fund index, based on the average return. We do not provide backtracked returns nor do we allow for “instant track-records”. The members of the index will be disclosed for the 2021 version. The Index contains relatively few funds in the early period
The purpose of the index is to track funds that are reporting data publically and may thus exclude certain managers that have chosen not to do so.





The index is based on managers that are part of the database as of the end of the prior year. We do not impose minimum requirements on track records or aum for this subset.
Managers that drop out of the index are replaced with the average return of the index.
Index Constituents
2023
2022
2021
2020
2019
Aegon | Global Equity Market Neutral |
Aphilion | Aphilion SIF |
AQR Capital Management | Equity Market Neutral |
Blackrock | Asia-Pacific Diversified |
Blackrock | European Absolute Return |
BMO | Real Estate Equity |
BNP Theam | Quant Dispersion US |
BNY Mellon Asset Management | Absolute Return |
BPI | Alternative Iberian Equities |
Candriam Investors Group | Absolute Return Equity Market Neutral |
Candriam Investors Group | Index Arbitrage |
Cognios | Cognios Market Neutral Large Cap |
Dalton Strategic Partnership | Velox |
DNCA Invest | Miuri |
ECO Advisors | ESG Absolute Return |
Exane | Ceres |
Exane | Overdrive |
Exane | Pleiade |
Fulcrum Asset Management | Thematic Equity Market |
Gotham | Gotham Neutral |
Guggenheim | Guggenheim Market Neutral |
Insight | Absolute Return Equity |
Invesco | Invesco All Cap Market Neutral |
JPMorgan | Europe Equity Absolute |
JPMorgan | JPMorgan Research Market Neutral |
KLP Kapitalforvaltning AS | KLP Alfa Global Energi |
LGT Capital Partners | LGT Sustainable Equity Market |
Man GLG | GLG Alpha Select |
Man GLG | GLG Innovation Equity |
Man GLG | GLG UK Absolute Value |
MarshallWace | MW Tops |
MarshallWace | MW Tops Market Neutral |
Maverick | QM Neutral (GS) |
Memnon | Market Neutral |
Merian | Global Equity Absolute |
Osmosis | More World Sustainable |
Oyster | Equity Premia Global |
Perdurance | Market Neutral (Rotschild) |
Pictet | Atlas |
Pictet Asset Management | Agora |
PIMCO | PIMCO RAE Fundamental Advantage PLUS |
QQM Fund Management | QQM Equity Hedge |
QS | QS Global Market Neutral |
RAM | Long Short Emerging |
RAM | Long Short European |
RAM | Long Short Global |
Sandbar | Global Equity Market Neutral (Lumyna) |
Seven | Fortress Fund |
Seven Seas | Alpha Japan Neutral (Permal) |
Tellworth | European Market Neutral |
Vanguard | Vanguard Market Neutral |
Victory | Victory Market Neutral Income |
Westwood | Westwood Market Neutral Income Instl |
Zest | North America Pairs Trading |
Pictet Asset Management | Market Neutral |
Blackrock | Tactical Opportunities |
Nordea Asset Management | Nordea 1 Global Equity |
UBP | Europe Market Neutral |
JanusHenderson | Global Equity Market Neutral |
Gondor Capital | Gondor Partners LP |
Gondor Capital | Gondor Partners Ltd |
MarshallWace | ESG Market Neutral |
MarshallWace | Systematic Alpha Market Neutral |
Wellington | Climate Market Neutral |
Aenaon Markets | Syncro Equities – Absolute Return |
Aenaon Markets | Syncro Equities – Vanilla |
RAM | Diversified Alpha |
First Private | Artellium Evolution |
Crossmark Steward | Equity MN Instl |
Adaptive Hedge Fund Management | Paradigm Alpha |
Aegon | Global Equity Narket Neutral |
AllianceBernstein | Arya European Market Neutral |
American Century | Market Neutral Val |
Aphilion | Aphilion SIF |
AQR Capital Management | Equity Market Neutral |
Blackrock | Asia-Pacific Diversified |
Blackrock | European Absolute Return |
BMO | Real Estate Equity |
BNP Theam | Quant Dispersion US |
BNY Mellon Asset Management | Absolute Return |
BPI | Alternative Iberian Equities |
Candriam Investors Group | Absolute Return Equity Market Neutral |
Candriam Investors Group | Index Arbitrage |
Cognios | Cognios Market Neutral Large Cap |
Dalton Strategic Partnership | Velox |
DNCA Invest | Miuri |
ECO Advisors | ESG Absolute Return |
Eraam | Long Short Equity |
Exane | Ceres |
Exane | Overdrive |
Exane | Pleiade |
Fulcrum Asset Management | Thematic Equity Market |
Gotham | Gotham Neutral |
Gotham | Gotham Neutral 500 |
Guggenheim | Guggenheim Market Neutral |
Insight | Absolute Return Equity |
Invesco | Invesco All Cap Market Neutral |
John Locke Investments | Equity Market Neutral |
JPMorgan | Europe Equity Absolute |
JPMorgan | JPMorgan Research Market Neutral |
KLP Kapitalforvaltning AS | KLP Alfa Global Energi |
LGT Capital Partners | LGT Sustainable Equity Market |
Man GLG | GLG Alpha Select |
Man GLG | GLG Innovation Equity |
Man GLG | GLG UK Absolute Value |
MarshallWace | MW Liquid |
MarshallWace | MW Tops |
MarshallWace | MW Tops Market Neutral |
Maverick | QM Neutral (GS) |
Memnon | Market Neutral |
Merian | Global Equity Absolute |
Nuveen | Nuveen Equity Market Neutral |
Osmosis | More World Sustainable |
Oyster | Equity Premia Global |
Perdurance | Market Neutral (Rotschild) |
Pictet | Atlas |
Pictet Asset Management | Agora |
PIMCO | PIMCO RAE Fundamental Advantage PLUS |
QQM Fund Management | QQM Equity Hedge |
QS | QS Global Market Neutral |
RAM | Long Short Emerging |
RAM | Long Short European |
RAM | Long Short Global |
RG Tactical Market Neutral Institutional | RG Tactical Market Neutral Institutional |
Sandbar | Global Equity Market Neutral (Lumyna) |
Seven | Fortress Fund |
Seven Seas | Alpha Japan Neutral (Permal) |
Tellworth | European Market Neutral |
Vanguard | Vanguard Market Neutral |
Victory | Victory Market Neutral Income |
Westwood | Westwood Market Neutral Income Instl |
Zest | North America Pairs Trading |
Pictet Asset Management | Market Neutral |
Blackrock | Tactical Opportunities |
Nordea Asset Management | Nordea 1 Global Equity |
UBP | Europe Market Neutral |
JanusHenderson | Global Equity Market Neutral |
Gondor Capital | Gondor Partners LP |
Gondor Capital | Gondor Partners Ltd |
Adaptive Hedge Fund Management | Paradigm Alpha |
Aegon | Global Equity Narket Neutral |
Aegon | UK Equity Absolute Return |
AllianceBernstein | Arya European Market Neutral |
Allianz Global Investors | Japan Equity Long Short |
American Century | Market Neutral Val |
AQR Capital Management | Equity Market Neutral |
Blackrock | Asia-Pacific Diversified |
Blackrock | European Absolute Return |
BMO | Real Estate Equity |
BNP Theam | Quant Dispersion US |
BNY Mellon Asset Management | Absolute Return |
BPI | Alternative Iberian Equities |
Candriam Investors Group | Absolute Return Equity Market Neutral |
Candriam Investors Group | Index Arbitrage |
Cognios | Cognios Market Neutral Large Cap |
Dalton Strategic Partnership | Velox |
DNCA Invest | Miuri |
ECO Advisors | ESG Absolute Return |
Eraam | Long Short Equity |
Exane | Ceres |
Exane | Overdrive |
Exane | Pleiade |
Fort LP | Global Equity |
FS Investments | Market Neutral |
Fulcrum Asset Management | Thematic Equity Market |
GAM International Management | Multistock Absolute Return |
GAM International Management | Star Lux European |
Gotham | Gotham Master Neutral |
Gotham | Gotham Neutral |
Gotham | Gotham Neutral 500 |
Guggenheim | Guggenheim Market Neutral |
H2O | Fidelio |
Insight | Absolute Return Equity |
Invesco | Global Absolute Return |
Invesco | Global Equity Market |
Invesco | Invesco All Cap Market Neutral |
John Locke Investments | Equity Market Neutral |
JPMorgan | JPMorgan Research Market Neutral |
KLP Kapitalforvaltning AS | KLP Alfa Global Energi |
LGT Capital Partners | LGT Sustainable Equity Market |
Man GLG | GLG Alpha Select |
Man GLG | GLG Innovation Equity |
Man GLG | GLG UK Absolute Value |
MarshallWace | MW Liquid |
MarshallWace | MW Tops |
MarshallWace | MW Tops Market Neutral |
Maverick | QM Neutral (GS) |
Memnon | Market Neutral |
Merian | Global Equity Absolute |
Norron | Norron Alpha |
Nuveen | Nuveen Equity Market Neutral |
Osmosis | More World Sustainable |
Oyster | Equity Premia Global |
Perdurance | Market Neutral (Rotschild) |
Pictet | Akari |
Pictet | Atlas |
Pictet Asset Management | Agora |
PIMCO | PIMCO RAE Fundamental Advantage PLUS |
Plato | Global Market Neutral |
Putnam PanAgora | Putnam PanAgora Market Neutral |
QQM Fund Management | QQM Equity Hedge |
QS | QS Global Market Neutral |
Quantology | Absolute Return |
RAM | Long Short Emerging |
RAM | Long Short European |
RAM | Long Short Global |
RG Tactical Market Neutral Institutional | RG Tactical Market Neutral Institutional |
Sandbar | Global Equity Market Neutral (Lumyna) |
Schroders | Global Equity Market Neutral |
Seven | Fortress Fund |
Seven Seas | Alpha Japan Neutral (Permal) |
Tellworth | European Market Neutral |
Trium | European Equity Market |
Vanguard | Vanguard Market Neutral |
Victory | Victory Market Neutral Income |
Westwood | Westwood Market Neutral Income Instl |
Zest | North America Pairs Trading |
American Century | Core Market Neutral |
American Century | Equity Market Netr |
American Century | Market Neutral Val |
Aphilion | Aphilion SIF |
AQR Capital Management | Equity Market Neutral |
Candriam Investors Group | Absolute Return Equity Market Neutral |
Cognios | Cognios Market Neutral Large Cap |
Convergence | Convergence Market Neutral |
FS Investments | Market Neutral |
GMO | GMO Alpha Only |
Gotham | Gotham Master Neutral |
Gotham | Gotham Neutral |
Gotham | Gotham Neutral 500 |
Guggenheim | Guggenheim Market Neutral |
Invesco | Invesco All Cap Market Neutral |
Invesco | Invesco Global Market Neutral |
JPMorgan | JPMorgan Research Market Neutral |
KLP Kapitalforvaltning AS | KLP Alfa Global Energi |
Norron | Norron Alpha |
Nuveen | Nuveen Equity Market Neutral |
Peak Asset Management | Peak Equity Alpha |
PIMCO | PIMCO RAE Fundamental Advantage PLUS |
Putnam PanAgora | Putnam PanAgora Market Neutral |
QQM Fund Management | QQM Equity Hedge |
QS | QS Global Market Neutral |
RG Tactical Market Neutral Institutional | RG Tactical Market Neutral Institutional |
Vanguard | Vanguard Market Neutral |
Victory | Victory Market Neutral Income |
Westwood | Westwood Market Neutral Income Instl |
Zacks | Zacks Market Neutral |
Amplitude Capital International | Vivace Strategy |
Handelsbanken Fonder | Handelsbanken Global Selektiv Hedge |
Handelsbanken Fonder | Handelsbanken Hsllbarhet Hedge Criteria |
KLP Kapitalforvaltning AS | KLP Alfa Global Energi |
Peak Asset Management | Peak Equity Alpha |
QQM Fund Management | QQM Equity Hedge |
Zmartic Fonder | Zmart Alfa |