NilssonHedge provides two subsets for the Market Neutral index, split by decision-making strategy, Systematic and Discretionary strategies. We do not provide backtracked returns nor do we allow for “instant track-records”. Systematic Equity Market Neutral strategies are typically more diversified than their Discretionary peers and are often driven by some type of Factor exposures or other types of anomalies. Risk management also tends to be stricter. This index started in January 2021.
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
Aphilion | Aphilion SIF |
AQR Capital Management | Equity Market Neutral |
BNP Theam | Quant Dispersion US |
Candriam Investors Group | Index Arbitrage |
Gotham | Gotham Neutral |
Guggenheim | Guggenheim Market Neutral |
Invesco | Invesco All Cap Market Neutral |
JPMorgan | JPMorgan Research Market Neutral |
LGT Capital Partners | LGT Sustainable Equity Market |
MarshallWace | MW Tops |
MarshallWace | MW Tops Market Neutral |
Maverick | QM Neutral (GS) |
Merian | Global Equity Absolute |
Osmosis | More World Sustainable |
Oyster | Equity Premia Global |
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 |
Seven | Fortress Fund |
Vanguard | Vanguard Market Neutral |
Victory | Victory Market Neutral Income |
Nordea Asset Management | Nordea 1 Global Equity |
UBP | Europe Market Neutral |
MarshallWace | ESG Market Neutral |
MarshallWace | Systematic Alpha 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 |
American Century | Market Neutral Val |
Aphilion | Aphilion SIF |
AQR Capital Management | Equity Market Neutral |
BNP Theam | Quant Dispersion US |
Candriam Investors Group | Index Arbitrage |
Eraam | Long Short Equity |
Gotham | Gotham Neutral |
Gotham | Gotham Neutral 500 |
Guggenheim | Guggenheim Market Neutral |
Invesco | Invesco All Cap Market Neutral |
John Locke Investments | Equity Market Neutral |
JPMorgan | JPMorgan Research Market Neutral |
LGT Capital Partners | LGT Sustainable Equity Market |
MarshallWace | MW Liquid |
MarshallWace | MW Tops |
MarshallWace | MW Tops Market Neutral |
Maverick | QM Neutral (GS) |
Merian | Global Equity Absolute |
Nordea Asset Management | Nordea 1 Global Equity |
Osmosis | More World Sustainable |
Oyster | Equity Premia Global |
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 |
Seven | Fortress Fund |
UBP | Europe Market Neutral |
Vanguard | Vanguard Market Neutral |
Victory | Victory Market Neutral Income |
Adaptive Hedge Fund Management | Paradigm Alpha |
American Century | Market Neutral Val |
AQR Capital Management | Equity Market Neutral |
BNP Theam | Quant Dispersion US |
Candriam Investors Group | Index Arbitrage |
Eraam | Long Short Equity |
Fort LP | Global Equity |
Gotham | Gotham Master Neutral |
Gotham | Gotham Neutral |
Gotham | Gotham Neutral 500 |
Guggenheim | Guggenheim Market Neutral |
H2O | Fidelio |
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 |
LGT Capital Partners | LGT Sustainable Equity Market |
MarshallWace | MW Liquid |
MarshallWace | MW Tops |
MarshallWace | MW Tops Market Neutral |
Maverick | QM Neutral (GS) |
Merian | Global Equity Absolute |
Osmosis | More World Sustainable |
Oyster | Equity Premia Global |
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 |
Schroders | Global Equity Market Neutral |
Seven | Fortress Fund |
Trium | European Equity Market |
Vanguard | Vanguard Market Neutral |
Victory | Victory Market Neutral Income |