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L1 Long Short Fund Limited (LSF)
L1 Long Short Fund Limited (LSF) is an Australian-domiciled, externally managed investment company, listed on the ASX since 24 April 2018. It operates as an alternative investment vehicle, employing long/short equity strategies primarily in Australian equities, with the flexibility to allocate globally. The fund aims to deliver absolute returns through a combination of long positions in undervalued securities and short positions in overvalued ones, managed by L1 Capital Pty Ltd.
Market Cap
A$2.7B
Shares on Issue
N/A
Price Chart
AI Analysis
LSF's current position is characterized by its strategic allocation across Australian equities, with a focus on generating absolute returns. Recent performance has been impacted by broader market volatility, and key metrics such as net asset value (NAV) growth and investment returns are closely watched. With a market cap of A$2.7B, it retains a speculative aspect typical of smaller capitalization investment vehicles.
The growth outlook for LSF hinges on the management team's ability to navigate complex market conditions, identify mispricing opportunities, and execute its long/short strategy effectively. Upcoming catalysts may include quarterly investment updates, changes in global market sentiment, and any adjustments to the fund's strategy in response to evolving market landscapes.
Bull Case
- • Successful execution of the long/short strategy could lead to outperformance of broader Australian equity markets, attracting more investors.
- • Expansion of the fund's investment mandate to include more global allocations could diversify risk and increase potential for higher returns.
- • Strong quarterly NAV growth could enhance the fund's reputation and lead to increased flows from institutional and retail investors.
Bear Case
- • High market volatility could increase the risk of short squeezes or unforeseen losses from long positions, impacting NAV.
- • Failure to deliver absolute returns over successive quarters might lead to investor outflows and reduced market capitalization.
- • Changes in regulatory environments or increased competition in the Australian alternative investment space could erode LSF's competitive edge.
Recent Announcements
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FAQs
What does LSF do?
LSF is an ASX-listed investment company that uses a long/short equity strategy, primarily in Australian stocks, aiming for absolute returns.
Is LSF a good investment?
LSF can be a good investment for those seeking alternative, absolute return strategies, but it carries speculative risks due to its smaller market cap and the inherent volatility of long/short investing.
What drives LSF's share price?
Key drivers include quarterly NAV updates, performance of long and short positions, global market sentiment, and the overall attractiveness of alternative investment vehicles in the Australian market.
Key Metrics
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