L1 Long Short Fund Limited

L1 Long Short Fund Limited is an equity investment company managed by L1 Capital Pty Ltd. Its principal purpose is to deliver positive absolute returns while seeking to preserve investor capital, focusing on both long and short positions across predominantly Australian equities, with the flexibility to allocate up to 30% of holdings to global securities. The fund employs a rigorous bottom-up research process, identifying mispriced companies and applying fundamental analysis to construct a diversified portfolio—typically comprising 50 to 100 positions. By integrating both long and short strategies, L1 Long Short Fund Limited can profit in both rising and falling markets, aiming for risk-adjusted returns over periods longer than five years. With a well-recognized performance record since its inception in 2014, the fund plays a significant role in the Australian alternatives sector, offering an avenue for investors seeking diversified exposure beyond traditional long-only equity funds.