asset_category:
peer_benchmark:
broad_market_index:
manager_contact_details: Array
ticker: LSF
release_schedule:
structure: Listed Investment Company
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factsheet_url:
fund_features:
L1 Long Short Fund Limited (LSF) is a listed investment company that listed on the ASX in April 2018. The Company raised $1.33b through the issue of 664.8m shares at $2.00 per share. The portfolio is managed by L1 Capital Pty Limited, a boutique asset management firm that was established in 2007. LSF provides exposure to an actively managed long/short portfolio of primarily Australian equities, with the Manager able to invest up to 30% of the portfolio in global securities. The investment objectives of the company are to deliver superior risk-adjusted returns over the long-term, which the Manager considers a period of five years, and to preserve capital.
- The Manager uses a bottom up fundamental approach to determine attractive investment opportunities – the portfolio will invest in both long and short positions, typically with 50-100 positions.
- In the event attractive opportunities cannot be identified, the Manager can hold up to 100% in cash.The portfolio can have a maximum net exposure of 150% and a maximum gross exposure of 300% – therefore the portfolio has the potential for significant levels of leverage.