Mark Landau is the Co-Chief Investment Officer of L1 Capital. 
 
Mark co-founded L1 Capital in 2007 with Co-CIO Raphael Lamm. Over the first seven years, Mark and Raphael established and refined their unique blend of quality and value investing with a contrarian bias managing long only Australian equities. In 2014, they launched the highly acclaimed L1 Capital Long Short Fund, now the firm’s flagship strategy. 
 
Prior to founding L1 Capital, Mark was an Australian Equities Investment Analyst and Investment Manager at Invesco and was previously a Senior Strategy Consultant at Accenture advising ASX100 companies. 
 
Mark holds a double degree in Commerce and Economics from Monash University and is an active CFA charterholder.

fe3da280067226930459a3718a729ec4

Co-Chief Investment Officer 

Mark Landau

Raphael (Rafi) Lamm is the Co-Chief Investment Officer. 
 
Rafi co-founded L1 Capital in 2007 with Co-CIO Mark Landau. Over the first seven years, Mark and Raphael established and refined their unique blend of quality and value investing with a contrarian bias managing long only Australian equities. In 2014, they launched the highly acclaimed L1 Capital Long Short Fund, now the firm’s flagship strategy. 
 
Prior to founding L1 Capital, Rafi spent five years at Cooper Investors where he worked as an Investment Analyst and Portfolio Manager focused on the Australian large cap universe. 
 
He holds a double degree in Law and Commerce from Monash University, with Honours in Law and First Class Honours in Finance.

44b91e8506af660824cea4edac622387

Raphael Lamm

Amar Naik is the Head of Research in the L1 Capital Australian Equities Team. 
 
Before joining L1 Capital in 2018, he was a vice president in the Investment Banking division of Deutsche Bank in Australia and South Africa. Amar worked on transactions across a number of industries including financials, mining and industrials. Prior to that he was an auditor with PwC where he worked with a range of listed groups. 
 
Amar obtained a Bachelor of Commerce with Honours degree with Academic Honours from Rhodes University in South Africa and is a Chartered Accountant.

Amar Naik (HR 2023)

Head of Research

Amar Naik

Join L1 Capital's Mark Landau (Co-Chief Investment Officer) for an update on the L1 Capital Long Short Portfolio. 
 
For wholesale investors only. Video can be accessed below.

Disclaimer 
The webinar and the information contained within it is intended solely for wholesale clients and is not intended to be delivered or made available, or relied upon or distributed by, retail clients. You should not register for the webinar unless you are a wholesale client. To the extent permitted by law, L1 does not accept any responsibility arising in any way relating to the distribution or delivery of the webinar to retail clients.
Please note, your personal information is being collected for the purpose of managing your viewing of this webinar. All information collected will be managed in accordance with <a href="https://www.l1.com.au/l1-privacy-policy/">L1 Capital&#8217;s Privacy Policy</a>.
&nbsp;

Explore Fund

Learn more about the L1 Capital Long Short Strategy

L1 Capital Long Short Strategy Webinar Replay | November 2025

An absolute return fund that offers investors a highly diversified portfolio of long and short positions based on rigorous, fundamental research process The L1 Capital Long Short Strategy has three enduring advantages:

Market exposure: Ability and willingness to adjust the portfolio net long to reflect the risk/reward of the market.
Shorting: Portfolio is able to profit from falling share prices (as well as rising).
International exposure: Able to exploit research insights offshore, not just domestically, broadening the opportunity set beyond the Australian market.

Together, these three levers, which the Investment Team uses actively and with conviction, are tools for generating returns from all of the team’s investment and market insights.
The L1 Capital Long Short Fund’s competitive edge comes from:

L1’s investment process that combines valuation with qualitative considerations to identify attractive investment opportunities. The approach’s strict valuation criteria tends to produce a slight value and contrarian bias. At the core of the bottom-up, fundamental, research-driven approach is the team conducting several thousand company meetings each year.
Extensive network of contacts throughout corporate Australia and overseas that provides a more complete and up-to-date perspective on industry trends, inflection points, risks, etc. Many fund managers purely meet with company management and sell-side analysts, which the Australian Equities team believe provides a biased and narrow perspective on a company/industry.
Contrarian approach which has generated alpha from buying cyclical stocks at a low point in their cycle (and shorting at a high point) and overcoming behavioural biases that tend to promote momentum investing.



L1 Capital Long Short Fund

L1 Long Short Fund Limited (ASX:LSF)

View current and historical unit pricing here.


L1 Capital Long Short Fund – Daily Class

View current and historical unit pricing here.


L1 Capital Long Short Fund – Monthly Class

L1 Capital Long Short (Offshore Feeder) Fund

Past performance should not be taken as an indicator of future performance.
 View current and historical unit pricing here.


L1 Capital International (Unhedged) Active ETF (ASX:L1IF)

Applying a hands-on ‘owner’s mindset’, the Fund typically invests in a concentrated portfolio of around 10 stocks that the team believes offers a compelling combination 
of value and quality with a major positive catalyst to drive investor returns View current and historical unit pricing here.


L1 Capital Catalyst Fund

Seeks to provide superior risk adjusted returns with a focus on capital preservation and risk management The L1 Capital Global Opportunities Fund applies rigorous fundamental analysis to invest in small to mid-capitalisation securities around the world across the capital structure. It uses macro themes to identify its investment targets then structures its portfolio to have low correlation to common equity and bond benchmarks and downside protection through multi-layered risk management. The Fund has a number of sub-strategies including a) investing in Special Purpose Acquisition Companies (‘SPACs’) where it backs management teams with the potential to make accretive acquisitions; b) taking positions in public market convertible bonds; and c)  deploying quantitative and artificial intelligence derived trading signals. 
 This Fund is currently closed to new investors. Please contact us for further assistance.


L1 Capital Global Opportunities Fund

Seeks to capitalise on the compelling risk adjusted return profile of U.K. Residential property L1 Capital believes the outlook for U.K. residential property offers a compelling opportunity. The combination of high rental yields, low borrowing costs and attractive long-term supply-demand dynamics makes for an attractive investment case. The investment strategy is centred on purchasing large blocks of day-one income generating, tenanted apartments in Tier-1 U.K. cities (such as Birmingham, Manchester, Leeds, Nottingham and Newcastle).
 This Fund is currently closed to new investors. Please contact us for further assistance.


L1 Capital U.K. Residential Property Fund

In this update, David Steinthal covers:

Investment environment (starts at 0:53)
L1 Capital International (Unhedged) Active ETF (ASX:L1IF) (10:07)
Results season takeaways (14:29)
Summary (20:48)

The presentation deck is available here.
Released: November 25, 2025.


L1 Capital International Webinar Replay | November 2025

David Steinthal provides an update on the positioning of the L1 Capital International Strategy and key takeaways from the recent results season. 
 
For wholesale investors only. Video can be accessed below.

Learn more about the L1 Capital Global Long Short Strategy, which underpins L1 Capital’s non-binding proposal to Platinum Capital Limited (ASX:PMC).

Watch strategy video

By clicking 'Agree' at the bottom of this page you are confirming that you are an Australian wholesale client for the purposes of section 761G of the Corporations Act 2001. 
 
Access to this information is provided on the condition that it is not passed on to any person who is a retail client within the meaning of Section 761G of the Corporations Act 2001. The information contained on this website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation, or which would subject L1 Capital to any registration or other requirement within such jurisdiction or country.

Jurisdiction / Wholesale Investor

This website has been prepared by L1 Capital Pty Ltd (ABN 21 125 378 145 and AFS Licence 314302) on behalf of the L1 Capital Group to provide you with general information only. In preparing it, we did not take into account the investment objectives, financial situation or particular needs of any particular person. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. Neither L1 Capital Pty Ltd nor any of its related parties, their employees or directors, provide any warranty of accuracy or reliability in relation to such information or accepts any liability to any person who relies on it. Past performance should not be taken as an indicator of future performance. You should obtain a copy of the Product Disclosure Statement and the Target Market Determination (if applicable) before making a decision about whether to invest in any of the products included in this document.
Copyright
Copyright in this publication is owned by L1 Capital. You may use this information in this publication for your own personal use, but you must not (without L1 Capital’s consent) alter, reproduce or distribute any part of this publication, transmit it to any other person or incorporate the information into any other document.

L1 Capital Long Short Strategy | Webinar Replay

Additional resources

Tags

Share this

Can we assist with your investment or provide information about our Funds?

Investment strategies

About us

Connect