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An announcement from L1 Long Short Fund Ltd. ( (AU:LSF) ) is now available.
In June, the L1 Long Short Fund portfolio outperformed the ASX200AI, returning 5.8% compared to the index’s 1.4%. This performance was supported by gains in stocks like Santos and Viva Energy Group, driven by factors such as takeover proposals and improved margins. Despite geopolitical tensions and market volatility, investor sentiment improved due to easing tariff tensions and stable interest rates. The fund remains optimistic about global opportunities, particularly in undervalued offshore stocks, and continues to focus on sectors like infrastructure and commodities. The completion of major projects by companies like Santos is expected to enhance future earnings and cash flows.
More about L1 Long Short Fund Ltd.
L1 Long Short Fund Ltd. operates in the financial services industry, focusing on investment management. The company provides a long-short equity strategy, aiming to generate returns by investing in undervalued stocks and shorting overvalued ones. It targets global markets, seeking opportunities in infrastructure, gold, copper, travel, and ‘quality value’ stocks.
Average Trading Volume: 475,449
Technical Sentiment Signal: Strong Buy
For detailed information about LSF stock, go to TipRanks’ Stock Analysis page.