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L1 Long Short Fund Ltd. ( (AU:LSF) ) has shared an update.
L1 Long Short Fund Ltd. reported a 4.3% return for September, significantly outperforming the ASX200AI index which fell by 0.8%. The fund’s strong performance was driven by gains in gold and copper positions, as well as other strategic investments, despite a challenging market environment marked by inflation concerns and a hawkish stance from the Reserve Bank of Australia. The fund’s strategic focus on undervalued offshore stocks and commodities like gold and copper has positioned it well for continued success, even as the Australian market faces valuation challenges. Key detractors included a decline in Santos shares following a withdrawn takeover offer, but the fund remains optimistic about Santos’ future growth prospects.
More about L1 Long Short Fund Ltd.
L1 Long Short Fund Ltd. operates in the financial industry, focusing on investment management with a strategy that involves both long and short positions. The company primarily deals with equities and commodities, with a market focus that includes infrastructure, gold, copper, and ‘quality value’ stocks.
Average Trading Volume: 512,600
Technical Sentiment Signal: Buy
Find detailed analytics on LSF stock on TipRanks’ Stock Analysis page.