When the stock market is trading sideways, they keep working.
Three handpicked strategies from J.P. Morgan and UBS. They bet on rising and falling prices, rather than just waiting for the market to rise.
J.P. Morgan
Global Equity Plus
J.P. Morgan
Emerging Markets Equity Plus
UBS
Hedge Fund
Handpicked
Three strategies selected by our investment team. We include only 1 out of every 8 funds.
Experienced Firms
Strategies from J.P. Morgan and UBS.
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partners
Why a long-short strategy?
Long-short strategies often have a reputation for being complicated or particularly risky. In practice, it all depends on the specific strategy.
The funds on NAO do not aim to maximize returns at any cost. They are designed to fill a role in the portfolio that many traditional equity funds do not cover: cushioning volatility and diversifying the portfolio.
This is based on a long-short strategy. The fund invests in stocks it considers attractively valued, while simultaneously betting on falling prices for stocks it deems overvalued. This creates an approach that can work even when the stock market isn’t rising.
Investing
Three strategies. Two companies. A comparison.
Long Short Strategy
J.P. Morgan
Global Equity Plus
A long-short equity fund that invests globally. The team builds long positions in promising companies and supplements them with selective short positions in stocks it views critically.
weekly
How often can you invest?
Lock-up deadlineThe minimum holding period during which you cannot sell your shares. This gives fund managers the necessary planning security for long-term investments. After this period, you can usually return your shares.Moderate risk
Medium riskAssessment of the risk profile based on the investment strategy and the volatility of comparable investments. Private markets are subject to market, liquidity and corporate risks.
Long Short Strategy
J.P. Morgan
Emerging Markets Equity Plus
A long-short equity fund focused on emerging markets. Among its largest holdings are Taiwan Semiconductor, Samsung Electronics, and Tencent. (As of May 31, 2026)
weekly
How often can you invest?
Lock-up deadlineThe minimum holding period during which you cannot sell your shares. This gives fund managers the necessary planning security for long-term investments. After this period, you can usually return your shares.Moderate risk
Medium riskAssessment of the risk profile based on the investment strategy and the volatility of comparable investments. Private markets are subject to market, liquidity and corporate risks.
Hedge Fund
UBS Hedge Fund
The UBS Fund employs a long-short strategy with the goal of offering a balanced risk-return profile even during changing market conditions. The fund also incorporates ESG criteria into its investment process.
6 % p.a.
Target return
Target returnThe target return is the expected annual net return of your investment, based on research by the NAO investment team – taking into account the manager's track record, market views, and other factors. All fees (fund management, NAO, etc.) are already deducted. This is an estimate, not a guaranteed return.monthly
How often can you invest?
Lock-up deadlineThe minimum holding period during which you cannot sell your shares. This gives fund managers the necessary planning security for long-term investments. After this period, you can usually return your shares.Low to Moderate Risk
Medium riskAssessment of the risk profile based on the investment strategy and the volatility of comparable investments. Private markets are subject to market, liquidity and corporate risks.
functions
Here’s how the long-short strategy works.
“Long” means the team invests in companies it finds attractive. “Short” means it specifically bets on falling prices for stocks it views critically. This way, even negative assessments are actively utilized, rather than simply excluding a stock. The goal is to outperform the respective benchmark index.
Long: Investing in stocks the team is confident in
Broad equity exposure, either globally or in emerging markets.
Short: Targeting weaker stocks to offset losses
Negative assessments are acted upon, not simply ignored.
Managing net market exposure
The total exposure typically remains on the scale of a traditional equity fund.
The fund manager
Our hedge fund manager
The J.P. Morgan Asset Management brand represents the global professional asset management division of JPMorgan Chase & Co. For these two funds, this means, above all, global research, a disciplined process, and on-the-ground teams.
4,6 trillion
USD
assets under management
190 million
USD
annually in equity research
400+
Employees
on the Equity Team
UBS is a leading global financial institution with over 150 years of experience in private markets and asset management. The UBS hedge fund can normally be invested from €100,000, but with NAO, from as little as €1.
6.9 trillion
USD
Assets under management (as of end of Q3 2025)
45 billion
USD
Invested in Private Equity
160
years
Experience in the market
The fund
Fund figures.
Fund Manager
J.P. Morgan | Global Equity Plus
Fund Strategy
Global Long-Short
Focus
Global, developed and emerging markets
Recommended holding period
5 years
Fund Manager
J.P. Morgan | Emerging Markets Equity Plus
Fund Strategy
Emerging Markets Long-Short
Focus
Global emerging markets (including China, India, and Brazil)
Recommended holding period
5 years
Fund Manager
UBS
Fund Strategy
Long-Short
Target Return After Expenses
6 % p.a.
Fokus
Global
Recommended holding period
4 years
Investment team
Comment from the investment team.
Customer Testimonials
The community has its say.
Thousands of investors trust NAO. Here’s what they have to say.
About NAO
Private Markets. Handpicked.
Our investment team evaluates each fund based on five criteria: track record, stability, fair fees, full transparency, and no preferential treatment for large investors. We accept only 1 out of every 8 funds.
12
partners
eight-digit
Assets under management
15
Curated funds
4.4/5
TrustPilot Rating
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C-Suite in Tech (lawpilots, bitly) | Angel Investor & Advisor
Why did the investment team choose these strategies?
Hedge funds and long-short strategies can perform well when traditional stocks and ETFs are stagnant: in weak or sideways-moving markets. Our investment team monitors the market continuously and systematically. It has selected three long-short strategies from two firms, each of which can play a different role in the portfolio: global exposure, targeted coverage of emerging markets, paired with selective short positions in leveraged investments in favored stocks.
J.P. Morgan Global Equity Plus: For global positioning, we rely on J.P. Morgan Asset Management. The fund builds long positions in compelling companies and supplements them with targeted short positions in stocks that the team views critically. This allows negative forecasts to be actively acted upon, rather than simply excluding a stock. This results in more investable capital for the favorites. Behind this is a firm that allocates over $190 million annually to global equity research and employs more than 400 equity experts.
J.P. Morgan Emerging Markets Equity Plus: The same long-short strategy, but with a focus on emerging markets. Among the largest holdings are companies such as Taiwan Semiconductor, Samsung Electronics, and Tencent. J.P. Morgan has been using long-short strategies for about two decades. For you, this means targeted exposure to growth regions, with the opportunity to profit even from falling stock prices.
UBS Global Equity Long Short Fund: As a stabilizing component, our investment team has selected a strategy from UBS. The fund simultaneously bets on rising prices of undervalued stocks and falling prices of overvalued stocks. Net market exposure varies depending on market conditions, with the goal of exhibiting less volatility than the broad stock market. We were impressed by the expertise gained from working with institutional investors and family offices, who demand uncompromising execution for such strategies.
All three funds share the same objective: to outperform their respective benchmark indices.
Robin Binder – Founder & CEO