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L1 Long Short Fund Ltd. ( (AU:LSF) ) has shared an update.
L1 Long Short Fund reported a marginal 0.2% portfolio decline for the March quarter, yet still comfortably outperformed the S&P/ASX 200 Accumulation Index’s 1.6% fall. Over the past year the fund has returned 44.7% versus 11.7% for the benchmark, and it has also materially outpaced the index over three, five and seven-year periods, underscoring its strong long-term track record.
The quarter was marked by extreme market volatility as the war in Iran triggered the worst modern oil supply shock, driving sharp sector rotations and broad equity sell-offs. L1’s performance held broadly flat as gains in energy and some infrastructure holdings offset weakness in large long positions in copper, gold and construction materials, while management is using dislocations to add high-quality stocks now trading well below their assessed fair value.
More about L1 Long Short Fund Ltd.
L1 Long Short Fund Ltd. is an ASX-listed listed investment company that runs a long-short equity strategy focused on Australian and global shares. The fund seeks to generate returns above the S&P/ASX 200 Accumulation Index by taking both long positions in undervalued businesses and short positions in overvalued or structurally challenged companies.
Average Trading Volume: 584,189
Technical Sentiment Signal: Buy
See more data about LSF stock on TipRanks’ Stock Analysis page.