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Fund overview

Fund launch date
4 January 2017
Investment approach
Absolute return, bottom-up stock picking. Rigorous, independent research with a contrarian bias.
Investment objective
10% net return p.a. (on average) over a 5-7 year period
Benchmark
None
Typical holdings
50-100 positions (combined longs and shorts)
`Typical position sizes
Long
Range 1-5%
Typical size 3%
Exceptional risk/reward >5%

Short
Range 1-3%
Typical size 2%
Exceptional risk/reward >3%
Geography
Australia, with up to 30% international (gross)
Net/gross exposure
30-100% net long (typically). Expect to average 60-70% over the cycle.
Domicile / Currency
Cayman Islands / USD
Structure
Master – Feeder
Minimum investment
USD$250,000
Fees
Management fee 1.25% p.a.
Performance fee 20.0%
High watermark Yes
APIR / ISIN
KYG555391039 / G55539103
Subscription / Redemption Frequency
Monthly
Investment Manager
L1 Capital Pty Ltd
ACN 125 378 145
AFSL 314 302

Fund performance (net)

Net performance as at **DATE**. Strategy performance and exposure history is for the L1 Capital Long Short (Offshore Feeder) Fund since inception on 4 January 2017 (being the date that the first Offshore Feeder Fund shares were issued). Prior to this date, data is that of the L1 Capital Long Short Fund – Monthly Class since inception (1 September 2014) which is subject to a different fee structure. This is representative of the investment strategy employed by the L1 Capital Long Short (Offshore Feeder) Fund.

 

Fund reports

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May 2024
April 2024
March 2024
February 2024
January 2024
December 2023
November 2023
October 2023
September 2023
August 2023
July 2023
June 2023

How to Invest

How to invest in the L1 Capital Long Short (Offshore Feeder) Fund

Additional resources
Private Placement Memorandum (PPM)
Subscription forms for Non-U.S. Investors
Latest Investor webinar (May 2024)
Back to L1 Capital Long Short Strategy

Please contact us for further assistance.

Information contained on this page
All performance numbers are quoted after fees. The opinions, advice, recommendations and other information contained on this page, whether express or implied, are published or made by L1 Capital Pty Ltd (ABN 21 125 378 145), Australian Financial Services Licence (314302), and by its officers and employees (collectively “L1 Capital”) in good faith in relation to the facts known to it at the time of preparation.

L1 Capital has prepared this page without consideration of the investment objectives, financial situation or particular needs of any individual investor, and you should not rely on the opinions, advice, recommendations and other information contained in this publication alone.

This page has been prepared to provide you with general information only. 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. We do not express any view about the accuracy or completeness of information that is not prepared by us and no liability is accepted for any errors it may contain.

To whom this information is provided
This page is only made available to persons who are wholesale clients within the meaning of section 761G of the Corporations Act 2001. This publication is supplied 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.

Disclaimer and limitation of liability
To the maximum extent permitted by law, L1 Capital and its related parties, directors and representatives will not be liable in any way for any loss or damage suffered by you through use or reliance on this information. L1 Capital’s liability for negligence, breach of contract or contravention of any law, which cannot be lawfully excluded, is limited, at L1 Capital’s option and to the maximum extent permitted by law, to resupplying this information or any part of it to you, or to paying for the resupply of this information or any part of it to you.

Copyright
Copyright in this page 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.

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