ASX:L1G

3 stories mentioning ASX:L1GUpdated 25d ago

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L1 Group Funds Under Management Rise in June Quarter as Investment Performance Recovers

L1 Group's (ASX:L1G) funds under management (FUM) stood at AU$19.06 billion at the end of June, up over 12% from AU$16.96 billion as of March 31, according to a Wednesday filing with the Australian bourse.The company said its investment performance recovered in the June quarter after the Middle East conflict weighed on returns earlier in the year.The initial public offering of the L1 Gold Fund (ASX:LGF) in April contributed AU$428 million in net inflows, alongside positive net client flows into L1 Long Short strategies and L1 Affiliates.Performance fees for fiscal 2026 are expected to total between AU$162 million and AU$167 million, per the filing. The company expects to incur AU$33 million to AU$36 million in one-off costs during the fiscal second half related mostly to a Platinum integration and to the L1 Gold Fund IPO.

ASX:L1GASX:LGF

Asia111d ago

L1 Group Says L1 Gold Fund IPO Generated AU$950 Million

L1 Group (ASX:L1G) said L1 Gold Fund generated AU$950 million in its initial public offering and is expected to start trading on the Australian Securities Exchange on Friday, according to a Monday filing with the bourse.L1 Gold Fund will push to deliver positive absolute returns for shareholders over the medium to long term, targeting investments in domestic and international gold-sector securities, as well as a secondary allocation "to opportunistic investments" in other precious-metal sectors, per the filing.Starting Friday, L1 Group will be entitled to receive a management fee from L1 Gold Fund of 1% of the value of the portfolio plus GST per year, and a performance fee of 20% plus GST of the portfolio's outperformance as evaluated over six-month periods, subject to a high water mark.L1 Group has committed to an investment of AU$112 million into L1 Gold Fund.L1 Group's shares were down nearly 1% in recent Monday trade.

ASX:L1G

Asia117d ago

L1 Group Reports Lower Funds Under Management in March Quarter

L1 Group (ASX:L1G) said funds under management (FUM) stood at AU$16.96 billion as of the quarter ended March 31, down from AU$17.64 billion as of the three months to Dec. 31, 2025, impacted by the Middle East conflict, according to a Tuesday Australian bourse filing.The company said that while FUM fell 3.8% during the quarter, performance has since rebounded, with FUM recovering to about AU$17.9 billion as of April 10.Net client flows to L1 Long Short and L1 Affiliates were positive in the quarter, while net outflows in Platinum strategies, including Platinum International, slowed materially to AU$308 million in the March quarter from AU$854 million in the December 2025 quarter, the filing added.The L1 Gold Fund (ASX:LGF) is expected to commence trading on April 24, with L1 Group expecting to earn a performance fee upon closure of the existing L1 Wholesale Gold Fund, and the quantum to be determined by the fund's performance up to and including April 17, the filing added.

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