A France-based investor is seeking a manager for a U.S.-focused equity long/short strategy, with an expected allocation of €10 million. According to a request for proposal published on Global Fund Search, the investor prefers a strategy with net exposure ranging from -20 percent to +50 percent and is open to both fundamental, bottom-up stock-picking and systematic approaches.

Search Criteria

• Asset Region: United States
• Asset Class: Listed Equities
• Strategy: Equity Long/Short – Absolute Return
• Investment Approach: Fundamental (bottom-up stock picking) or quantitative/systematic
• Net Exposure: Between -20% and +50% (hard limit)
• Gross Exposure: Below 200% (hard limit)
• Volatility: Annualised volatility below 10% over the last 5 years, and below that of the S&P 500
• Fund Structure: UCITS
• Liquidity: Daily dealing, settlement T+3 maximum
• Share Class: EUR-hedged share class available
• Distribution: Registered for marketing in France

Requirements for Participation

• Preferably a track record of 10 years in the strategy (the UCITS vehicle itself may have a shorter history). 5-7 year track record also accepted. 
• Minimum fund AUM of EUR 100 million (the ticket should not exceed 10% of fund AUM)

Additional Remarks

• Both fundamental and quantitative/systematic investment approaches are of interest
• The investor requests beta and correlation to the S&P 500, as well as maximum drawdown

Process Outline

• Research phase – Q4 2026
• Expected investment – By end of 2026 or early 2027

Performance data

• Currency, gross in USD

Deadline
November 17, 2026 (Cut-off: Midnight CET, Expiry date inclusive)

To review the search and apply, asset managers need to register here on globalfundsearch.com and locate the respective RFPs.