Fact Sheet
As at March 2024
As at March 2024
L1 Capital Long Short Fund (Monthly Class)
APIR: ETL4912AU
Manager Summary
L1 Capital is a global investment manager with offices in Melbourne, Sydney, Miami and London. The business was established in 2007 and is owned by its senior staff, led by founders Raphael Lamm and Mark Landau. The team is committed to offering clients best of breed investment products through strategies that include long only Australian equities, long short equities, international equities, activist equities, a global multi-strategy hedge fund and U.K. residential property.
Strategy Summary
L1 Capital Long Short Fund is an absolute return strategy launched in 2014 that offers investors a highly flexible, absolute return-orientated portfolio of long and short positions based on L1 Capital's fundamental bottom-up research process. The Fund's objective is to deliver a net return of at least 10% p.a. to investors with considerably less market risk and volatility (on average) and invests primarily in Australian equities with up to 30% in international shares. The portfolio typically comprises 50-100 positions across a wide range of sectors and themes.
Key Terms
| Status: | Open | Inception Date: | Sep 2014 |
| Strategy: | Equity Long/Short | Style: | Blend |
| Geography: | Australia/Global | Domicile: | Australia |
| Investors: | Wholesale | Min. Investment: | AU$ 500,000 |
| Distributions: | 6 Monthly | Applications: | Monthly |
| Fund Size: | AU$ 1,500m | Management Fee: | 1.28% |
| Manager FUM: | AU$ 7,118m | Performance Fee: | 20.50% |
Key Statistics
| Fund | Index* | Fund | Index* | ||
| Mar 2024: | 8.28% | 3.27% | Sharpe1: | 0.93 | 0.50 |
| 1 Year: | 12.64% | 14.45% | Sortino1: | 1.47 | 0.59 |
| 3 Years1,2: | 14.95% | 9.62% | Best Month1: | 32.28% | 10.21% |
| 5 Years1,2: | 19.41% | 9.15% | Worst Month1: | -23.02% | -20.65% |
| Inception1,2: | 19.79% | 7.98% | Volatility1,2: | 19.98% | 14.16% |
| Up-Capture1: | 85% | N/A | Down-Capture1: | 33% | N/A |
Cumulative Returns Fund Index
L1 Capital Long Short Fund (Monthly Class) - Cumulative Performance vs ASX 200 Total Return
Drawdowns Fund Index
Drawdown%
Fund Index
Quintile Ranking vs. Equity Alternative - Australia Peer Group (123 funds) as at March 2024
1 Year
3 Year
5 Year
7 Year
L1 Capital Long Short Fund (Monthly Class)
ASX200 Total Return
Quintile Rankings display Key Performance Indicators (KPI's) against the fund's Peer Group. Each green square ranks the fund in one quintile (or 20%) of its peer group - five green squares indicate the fund is in the best quintile for each KPI. The performance of the peer group's underlying index is shown by a red dot.