LI Capital long short fund recommended
Research and ratings shouse, Lonsec has given the retail version of the L1 Capital Long Short Fund a "recommended" rating.
The fund announced the rating today, with its co-Chief Investment Officer (CIO), Mark Landau claiming it had seen a dramatic increase from financial planners for high quality long short products.
The company took the fund into retail space on the back of its performance in the wholesale environment where it had delivered net returns of 39.78 per cent a year since inception in 2014 placing it in the top 20 long short funds globally in both 2015 and 2016 (based on the HSBC survey — January 2017).
L1 Capital is a boutique fund manager based in Melbourne founded by Raphael Lamm (ex Cooper Investors) and Mark Landau (ex Invesco).
L1 signed a distribution partnership with Channel Capital late last year.
Recommended for you
Platinum Asset Management has put its two closed-end funds under strategic review in a bid to reduce the share price discount to pre-tax NTA and maximise shareholder value.
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.