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An announcement from L1 Long Short Fund Ltd. ( (AU:LSF) ) is now available.
L1 Long Short Fund Ltd. reported a portfolio return of 2.3% in October, significantly outperforming the ASX200AI’s 0.4% return. The fund’s performance was bolstered by gains in infrastructure, gold, copper, industrials, and financials, with key contributors including Mineral Resources, Finning, and Aurizon. Despite challenges in the technology and consumer discretionary sectors, the fund capitalized on opportunities in resource stocks and offshore markets. The announcement highlights the fund’s strategic focus on undervalued offshore stocks and sectors like infrastructure and commodities, suggesting a positive outlook for medium-term returns despite a challenging macroeconomic environment.
More about L1 Long Short Fund Ltd.
Average Trading Volume: 488,929
Technical Sentiment Signal: Buy
Learn more about LSF stock on TipRanks’ Stock Analysis page.