A well-established, quant-driven long/short absolute return fund. Stocks are selected to go long (profit when the share price goes up) and short (profit when the share price goes down) on a fundamental basis by clever systematic models which are constantly being updated and tweaked by the very experienced investment team. The fund is also well diversified by investment style and sector.
Dr. Amadeo Altentorn joined Merian Global Investors in 2005 (it was acquired by Jupiter in 2020). He is one of the original architects of this strategy and has been working on it for 20 years now. Amadeo holds a BSC in Robotics, an MSC in computer science, and a PHD in computational finance from the University of Essex. Prior to working on this fund, Amadeo worked at the Bank of England, developing simulation models for systemic risk and liquidity. Amadeo is the head of systematic equities. He is also a CFA charterholder.
A unique quant-driven fund, managed by a highly experienced and stable team, which has worked together for many years. The combination of zero correlation to equity markets and strong returns is a rare and valuable commodity in a fund. The fund did experience a period of underperformance between 2018 and 2020. However, it is commendable how the team has knuckled down, improved the process, and has delivered a stunning recovery in performance. We think the fund and team are in a very good position moving forward.
£6,669.6m
Buy
No
4
1.50%
1.55%
Acc
–
Elite Rated
Source: Performance data sourced from FE Analytics (IA universe). Yield figures (per annum), Fund Size data and AMCs/OCFs are as at 23/01/2026 unless otherwise stated.
The performance graph, factsheets and Key Investor Information Document is provided by FEfundinfo, and updated on a daily basis.
Some funds listed are off shore-domiciled and subject to different regulations. Off shore funds typically do not offer investor compensation under the UK Financial Services Compensation Scheme (FSCS).
Performance history extended by FE fundinfo to illustrate the fund’s longer-term record.
Sector rankings calculated from multiple underlying sectors; certain funds remain unranked due to limited comparability.
Funds assigned to an alternative IA sector; sector rankings may differ accordingly.
The information provided is based on our proprietary qualitative and quantitative research. Whilst reasonable efforts have been taken to ensure accuracy, Chelsea Financial Services cannot guarantee that the information is free from errors, omissions, or inaccuracies.
This information does not constitute investment advice and should not be interpreted as a recommendation to invest in any fund listed. Past performance is not a reliable indicator of future returns.
Please read the full Important Notice on page 2 of the FundReview 2025 carefully before making investment decisions.
Whilst every effort has been made to ensure the accuracy of this information, Chelsea Financial Services takes no responsibility for any errors, omissions or inaccuracies contained therein. The funds within the Chelsea Selection are based on our proprietary research, which is both qualitative and quantitative. Please note this is not investment advice, nor does it imply that you should invest in this fund. Past performance is a not a guide to future returns.
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The AMC (annual management charge) is paid to the fund management company for managing the fund. It is calculated as a percentage of the value of the fund. The AMC is less than the Ongoing Charges Figure (OCF).
The OCF (ongoing charges figure): The cost includes the AMC and other fees such as registration, regulatory, audit and legal fees but does not include transaction costs and performance fees.
