Allspring Global Long/Short Equity Fund - Investor Class (AGAQX) is a mutual fund that seeks long-term capital appreciation through a quantitative, model-driven long/short equity strategy. The fund invests at least 80% of its net assets in equity securities of U.S. and foreign issuers across all market capitalizations, including common stocks, warrants, and rights; it normally maintains a consistent long/short ratio of 100% long securities with attractive factor exposures and 30% short high-beta securities with unattractive factor exposures. Under normal market conditions, the fund allocates at least 40% of its net assets to issuers located outside the United States and invests in securities from at least three different countries, targeting the global equity markets.
Allspring Funds Management, LLC serves as the investment manager, with the Systematic Edge investment team—led by Portfolio Manager Harin de Silva, CFA, Ph.D.—managing the strategy since its inception in 2009 as Analytic Investors, LLC. The fund operates within the long-short equity category, offering Investor Class shares (AGAQX) alongside other share classes such as Class A, Institutional Class, and Class R6, with net assets of approximately $56 million.
In August 2022, Allspring Global Investments announced and subsequently completed the reorganization of the 361 Global Long/Short Equity Fund—previously advised by Hamilton Lane Advisors, L.L.C.—into a new series of the Allspring Funds Trust, rebranding it as the Allspring Global Long/Short Equity Fund to enhance distribution support and operational efficiency. This strategic shift, approved by shareholders and finalized in late 2022 or early 2023, provided continuity in investment management by the Systematic Edge team while integrating the fund into Allspring's broader platform managing over $476 billion in assets as of mid-2022.
Allspring Global Investments, headquartered in Charlotte, North Carolina, operates globally with investment teams supported by over 450 professionals across multiple offices worldwide, focusing on equity, fixed income, multi-asset, and alternative strategies for institutional and individual investors.