L1 Capital Global Long Short Strategy
The L1 Capital Global Long Short Fund (GLSF) is the next evolution of L1’s award-winning investment approach applying the same team, philosophy and process behind Australia’s best performing Long Short Fund (since inception in 2014)^ to a global investment universe.
L1 Global Long Short Fund (GLSF) – The best choice for PMC shareholders
Click here to view our letter to PMC shareholders around L1 Capital’s proposal.
We have provided below a comparison between the L1 Capital and Wilson proposals
L1 Capital Global Long Short Strategy
The L1 Capital Global Long Short Fund (GLSF) is the next evolution of L1’s award-winning investment approach applying the same team, philosophy and process behind Australia’s best performing Long Short Fund (since inception in 2014)^ to a global investment universe.
GLSF targets high-quality, undervalued companies across developed markets, using a disciplined “Quality Value” approach. Backed by over $70 million of founder capital and managed by L1’s Co-Founders Mark Landau and Rafi Lamm, GLSF is designed for investors seeking strong risk-adjusted returns, capital protection in market downturns and true manager alignment.
Video
In this video, Mark Landau, Co-Founder and Co-Chief Investment Officer, provides an in-depth overview of the L1 Capital Global Long Short Strategy. Specifically he discusses:
- L1 Capital | Business overview (starts at 3.15 minutes)
- L1 Capital | Core beliefs (4.12 minutes)
- L1 Capital | Investment philosophy (5.00 minutes)
- L1 Capital Funds | Investment-led culture (5.58 minutes)
- L1 Capital Global Long Short Strategy (6.51 minutes)
- GLSF performance (8.06 minutes)
- GLSF | Protecting capital in down markets (8.29 minutes)
- GLSF | Same investment process, team and objectives as LSF (9.17 minutes)
- Examples of current GLSF investments (10.16 minutes)
- GLSF portfolio positioning (15.42 minutes)
- Alignment of interests (16.29 minutes)
- L1 and its founders have already invested ~$70 million into ASX: PMC (17.45 minutes)
- Why invest in L1 Capital Global Long Short Fund? (18.42 minutes)
Released: August 2025.
This video 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 view 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 video to retail clients.
Presentation deck
Click here to view the presentation deck for the L1 Capital Global Long Short Strategy.
Source: L1 Capital as at 31 August 2025. LSF performance numbers are quoted after fees and WGB performance numbers are quoted before fees. LSF performance shown is based on returns achieved by the L1 Long Short Limited. WGB performance is based on publicly available information regarding ASX:WGB. Past performance should not be taken as an indicator of future performance.
Zenith
The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (Zenith) rating assigned to L1 Capital Long Short Fund (June 2025) referred to in this document is limited to General Advice (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at http://www.zenithpartners.com.au/RegulatoryGuidelines
Lonsec
The rating issued for L1 Capital Long Short Fund – Limited (October 2024) is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. Copyright 2023 Lonsec. All rights reserved.
^ Ranking amongst funds in Zenith Australian Shares – Long Short sector using FE Analytics data as at 30 June 2025. Past performance should not be taken as an indicator of future performance.
Information contained on this page
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 publication 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 publication contains general financial product advice only. Past performance is not a reliable indicator of future performance.
Disclaimer and limitation of liability
To the maximum extent permitted by law, L1 Capital 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 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.
