ASX:LSF

2 stories mentioning ASX:LSFUpdated 26d ago

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L1 Long Short Fund's Portfolio Returns Turn Positive in June Quarter

L1 Long Short Fund (ASX:LSF) said its portfolio returned 12.7% in the June quarter and 45.4% over the past year, according to a Thursday filing with the Australian bourse.The performance follows a negative 0.2% return in the March quarter, according to an earlier filing.The fund said artificial intelligence and the Middle East conflict were the two dominant themes for equity markets in the June quarter, with AI-related stocks performing strongly on the back of robust earnings and growth in capital expenditure.L1 Long Short Fund's portfolio saw broad gains across a range of positions in the June quarter. It said 13 stocks each contributed more than 0.5% to returns, which more than offset weakness from its exposure to gold and uranium.

ASX:LSF

Asia113d ago

L1 Long Short Fund Reports Negative Portfolio Return in March Quarter

L1 Long Short Fund (ASX:LSF) said its portfolio return was a negative 0.2% in the March quarter and a positive 45% over the past 12 months, according to a Monday Australian bourse filing.The fund said equities initially performed well in January and February, driven by strong commodity prices, before falling sharply in the wake of the conflict in the Middle East, which triggered the worst oil supply shock in history.It said it was using the period of elevated volatility to identify high quality companies that are now trading far below fair value. These changes include adding to its positions in gold, construction materials, travel-related stocks, and copper while trimming exposure to energy and infrastructure.L1 Long Short Fund's shares rose past 1% in recent trading on Monday.

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