Home/Strategies/Long/short equity hedge funds

Strategy

Long/short equity hedge funds

Long/short equity hedge funds buy stocks the manager expects to outperform and short stocks expected to underperform. The strategy can be fundamental, quantitative, sector-focused, market-neutral, or net-long.

162fund profiles

$75.0Breported gross assets

$463.0Maverage gross assets

Strategypage type

SEO research brief

What long/short equity hedge funds means

Fundamental managers analyze business quality, valuation, earnings revisions, management, and catalysts.

Short books may target deteriorating fundamentals, aggressive accounting, overvaluation, or structural decline.

Data caveat

What the filings show

The data is best read as a disclosure map. Reported gross asset value is not the same as performance, net assets, investor capital, or a recommendation. Fund rows can include offshore master funds, Delaware vehicles, feeders, and internal sleeves.

Arrowstreet Capital Global Equity Long/short Fund Limited is the largest sampled vehicle on this page at $13.2B.

Visual snapshot

Concentration and mix

Largest funds

Arrowstreet Capital Global Equity Long/short Fund Limited $13.2B Aqr Equity Market Neutral Global Value Fund, L.P. $5.5B Wellington Strategic European Equity Long/short Master Fund (cayman) L.P. $4.0B Aqr Delphi Long-Short Equity Master Account, L.P. $3.9B Cc&l Q Global Equity Market Neutral Master Fund Ltd. $3.8B Edgestream Equity Market Neutral Fund, Ltd. $3.7B

Manager concentration

Arrowstreet Capital, Limited Partnership $16.4B

Aqr Capital Management, LLC $10.8B

Wellington Alternative Investments $8.3B

Summit Partners Public Asset Management, LLC $4.1B

Connor Clark & Lunn Investment Management LTD $3.8B

Edgestream Partners, L.P. $3.7B

Office clusters

Boston, Massachusetts, United States $30.6B

New York, New York, United States $11.2B

Greenwich, Connecticut, United States $10.8B

Vancouver, Bc, Canada $3.8B

Princeton, New Jersey, United States $3.7B

Palm Beach Gardens, Florida, United States $2.5B

Strategy guide

How the strategy works

Fundamental managers analyze business quality, valuation, earnings revisions, management, and catalysts.

Short books may target deteriorating fundamentals, aggressive accounting, overvaluation, or structural decline.

Net exposure, gross exposure, factor exposure, and borrow costs are central to risk management.

History and context

The classic hedge fund model began with hedged equity portfolios. Later generations included Tiger-style fundamental funds, sector specialists, market-neutral quant funds, and multi-manager equity pods.

Search this segment

Find funds inside Long/short equity hedge funds

Loading searchable fund index...

Fund	Manager	Location	Gross assets

Ranked profiles

Largest funds in this group

60 rows shown

Fund	Manager	Location	Gross assets	Minimum
Arrowstreet Capital Global Equity Long/short Fund Limited Long/short equity	Arrowstreet Capital, Limited Partnership	Boston, Massachusetts, United States	$13.2B	$100K
Aqr Equity Market Neutral Global Value Fund, L.P. Long/short equity Quantitative	Aqr Capital Management, LLC	Greenwich, Connecticut, United States	$5.5B	$5.0M
Wellington Strategic European Equity Long/short Master Fund (cayman) L.P. Long/short equity	Wellington Alternative Investments	Boston, Massachusetts, United States	$4.0B	$1.0M
Aqr Delphi Long-Short Equity Master Account, L.P. Long/short equity	Aqr Capital Management, LLC	Greenwich, Connecticut, United States	$3.9B	$5.0M
Cc&l Q Global Equity Market Neutral Master Fund Ltd. Long/short equity Quantitative	Connor Clark & Lunn Investment Management LTD	Vancouver, Bc, Canada	$3.8B	$10.0M
Edgestream Equity Market Neutral Fund, Ltd. Long/short equity Quantitative	Edgestream Partners, L.P.	Princeton, New Jersey, United States	$3.7B	$1.0M
Wma Systematic Equity Alpha Long/short Master Fund LP Long/short equity Quantitative	Millennium Management LLC	New York, New York, United States	$3.2B	$25.0M
Arrowstreet Capital Esg Global Equity Long/short Fund Limited Long/short equity	Arrowstreet Capital, Limited Partnership	Boston, Massachusetts, United States	$1.8B	$100K
Sra Hedged Equity Portfolio LP Long/short equity	Summit Rock Advisors, LP	New York, New York, United States	$1.8B	$0
Standard Investment Research Hedged Equity Master Fund, LTD Long/short equity	Sir Capital Management L.P.	New York, New York, United States	$1.7B	$5.0M
Summit Partners Sustainable Opportunities L/s Qp Fund, L.P. Long/short equity	Summit Partners Public Asset Management, LLC	Boston, Massachusetts, United States	$1.6B	$1.0M
Arrowstreet (delaware) L/s Fund L.P. Long/short equity	Arrowstreet Capital, Limited Partnership	Boston, Massachusetts, United States	$1.4B	$100K
Graham Market Neutral Quantitative Equities Ltd. Long/short equity Quantitative	Graham Capital Management, L.P.	Rowayton, Connecticut, United States	$1.4B	$0
Sra Hedged Equity Portfolio (e&f) Spc Long/short equity	Summit Rock Advisors, LP	New York, New York, United States	$1.2B	$100K
Aqr Ta Global Equity Market Neutral Fund, L.P. Long/short equity Quantitative	Aqr Capital Management, LLC	Greenwich, Connecticut, United States	$1.1B	$5.0M
Summit Partners Sustainable Opportunities L/s Fund Limited Long/short equity	Summit Partners Public Asset Management, LLC	Boston, Massachusetts, United States	$1.0B	$1.0M
Wellington Strategic European Equity Long/short Fund (cayman), Ltd. Long/short equity	Wellington Alternative Investments	Boston, Massachusetts, United States	$1.0B	$1.0M
Bbr Equity Long/short (qp), LP Long/short equity	Bbr Partners, LLC	New York, New York, United States	$1.0B	$1.0M
Ion Long/short Fund L.P. Long/short equity	Ion Asset Management	Herzliya, Centre, Israel	$981.7M	$100K
Wellington Energy Long/short Fund (bermuda) L.P. Long/short equity Commodities	Wellington Alternative Investments	Boston, Massachusetts, United States	$934.1M	$1.0M
Diametric True Alpha Enhanced Market Neutral Master Fund, LP Long/short equity Quantitative	Diametric Capital, LP	Boston, Massachusetts, United States	$920.9M	$1.0M
Lighthouse Global Long/short Master Segregated Portfolio, A Segregated Portfolio Of Lighthouse Strategies Master Fund Spc Long/short equity	Lighthouse Investment Partners, LLC	Palm Beach Gardens, Florida, United States	$880.5M	$50K
Corbin Hedged Equity Fund, L.P. Long/short equity	Corbin Capital Partners, L.P.	New York, New York, United States	$878.3M	$5.0M
Mycor L/s Credit Master Fund, LP Long/short equity Credit	Mycor Capital Management, LLC	Stamford, Connecticut, United States	$861.1M	$5.0M
Lhp Pi Global L/s Fund Limited Long/short equity	Lighthouse Investment Partners, LLC	Palm Beach Gardens, Florida, United States	$760.1M	$100K
US Equity Styles 130/30 Screened Fund, Ltd. - Aggregate Long/short equity	Blackrock Financial Management, INC	New York, New York, United States	$714.9M	$2.0M
Summit Partners Concentrated Growth L/s Master Fund, L.P. Long/short equity	Summit Partners Public Asset Management, LLC	Boston, Massachusetts, United States	$698.5M	$1.0M
Wellington Growth Equity Long/short Fund (bermuda) L.P. Long/short equity	Wellington Alternative Investments	Boston, Massachusetts, United States	$551.6M	$1.0M
Blue Swell Japan Market Neutral Master Fund Long/short equity Quantitative	Blue Swell Asset Management Private Limited	Singapore, Singapore	$541.5M	$1.0M
Lighthouse Global Long/short Fund Limited Long/short equity	Lighthouse Investment Partners, LLC	Palm Beach Gardens, Florida, United States	$521.0M	$1.0M
Silq Capital Japan Equity Long Short Master Fund Long/short equity	Silq Capital Co., Ltd.	Chiyoda, Japan	$500.0M	$1.0M
Coherence Long/short Credit Master Fund, Ltd. Long/short equity Credit	Tiptree Advisors, LLC	New York, New York, United States	$497.2M	$1.0M
Man Systematic Global Ex US Alpha 130/30 (cayman) Long/short equity Quantitative	Numeric Investors LLC	Boston, Massachusetts, United States	$473.4M	$100K
Lingotto Intersection Offshore Long/short Master Fund LP Long/short equity	Lingotto Investment Management Llp	London, United Kingdom	$452.0M	$5.0M
Wellington Energy Long/short Fund, L.P. Long/short equity Commodities	Wellington Alternative Investments	Boston, Massachusetts, United States	$433.2M	$1.0M
Wellington Global Technology Long/short Fund (bermuda) L.P. Long/short equity Sector-focused	Wellington Alternative Investments	Boston, Massachusetts, United States	$419.7M	$1.0M
Lighthouse Global Long/short Fund, LP Long/short equity	Lighthouse Investment Partners, LLC	Palm Beach Gardens, Florida, United States	$360.9M	$1.0M
Berkshire Long/short Strategies Fund, LLC Long/short equity	Oxford Financial Group, LTD	Carmel, Indiana, United States	$346.8M	$150K
Wellington Global Technology Long/short Fund, L.P. Long/short equity Sector-focused	Wellington Alternative Investments	Boston, Massachusetts, United States	$325.1M	$1.0M
Scp Alpha Omega Long/short Fund, L.P. Long/short equity	Stamos Capital Partners, L.P.	Menlo Park, California, United States	$318.7M	$250K
Global Equity Market Neutral Fund Long/short equity Quantitative	Goldman Sachs Asset Management International	London, United Kingdom	$316.2M	$0
Summit Partners Concentrated Growth L/s Qp Fund, L.P. Long/short equity	Summit Partners Public Asset Management, LLC	Boston, Massachusetts, United States	$299.1M	$1.0M
Antero Peak Long/short Master Fund LP Long/short equity	Artisan Partners Limited Partnership	Milwaukee, Wisconsin, United States	$292.7M	$2.5M
Summit Partners Technology L/s Master Fund, L.P. Long/short equity Sector-focused	Summit Partners Public Asset Management, LLC	Boston, Massachusetts, United States	$286.9M	$1.0M
Amazon Market Neutral Fund Long/short equity Quantitative	Regal Funds Management Asia Pte Limited	Singapore, Singapore	$277.3M	$500K
Armatus Market Neutral Master Fund, LTD Long/short equity Quantitative	Armatus Capital Management, LLC	British Virgin Islands	$273.0M	$50K
Intech U.s. Equity 130/30 Master Fund LP Long/short equity	Intech	West Palm Beach, Florida, United States	$256.9M	$5.0M
Wellington Growth Equity Long/short Fund, L.P. Long/short equity	Wellington Alternative Investments	Boston, Massachusetts, United States	$243.8M	$1.0M
Aqr Equity Market Neutral Global Value Alphaport Fund, L.P. Long/short equity Quantitative	Aqr Capital Management, LLC	Greenwich, Connecticut, United States	$235.5M	$5.0M
Hedged Equity, LLC Long/short equity	Scs Capital Management LLC	Boston, Massachusetts, United States	$232.9M	$250K
Newgen Equity Long/short Fund LTD Long/short equity	Newgen Asset Management Limited	Toronto, Ontario, Canada	$217.2M	$100K
Tcw Sepulveda Long/short Equity Master Fund, Ltd. Long/short equity	Sepulveda Management LLC	Los Angeles, California, United States	$201.2M	$500K
Algert Global Equity Market Neutral Fund, L.P. Long/short equity Quantitative	Algert Global LLC	San Francisco, California, United States	$192.9M	$1.0M
Lsv Global Equity Market Neutral Fund, LP Long/short equity Quantitative	Lsv Asset Management	Chicago, Illinois, United States	$190.5M	$20.0M
Summit Partners Technology L/s Qp Fund, L.P. Long/short equity Sector-focused	Summit Partners Public Asset Management, LLC	Boston, Massachusetts, United States	$188.2M	$1.0M
Wellington Biotechnology Long/short Fund, L.P. Long/short equity	Wellington Alternative Investments	Boston, Massachusetts, United States	$177.1M	$2.0M
Aetos Capital Long/short Strategies Cayman Fund Long/short equity	Aetos Alternatives Management	New York, New York, United States	$166.1M	$50K
Wellington Biotechnology Long/short Fund (bermuda) L.P. Long/short equity	Wellington Alternative Investments	Boston, Massachusetts, United States	$166.0M	$2.0M
Wellington Global Equity Long/short Strategies (cayman) Spc Long/short equity	Wellington Management Company Llp	Boston, Massachusetts, United States	$157.8M	$1.0M
Bespoke Capital Strategies LP - Series Taxable Hedged Equity Long/short equity	Brockenbrough	Richmond, Virginia, United States	$141.9M	$45K

FAQ

Questions about this page

Does long/short mean market neutral?

Not necessarily. Some long/short funds run high net exposure, while market-neutral funds attempt to offset broad market movements more tightly.

Why do managers use shorts?

Shorts can hedge market or sector exposure, express negative views, and create relative-value trades against long positions.

Which managers appear in the Long/short equity hedge funds sample?

The largest sampled managers include Arrowstreet Capital, Limited Partnership, Aqr Capital Management, LLC, Wellington Alternative Investments, and Summit Partners Public Asset Management, LLC. This is based on reported gross asset value in the generated Form ADV dataset.