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
Outflows have doubled in the property and infrastructure space to $1.3 billion with advisers instead favouring private markets as Morningstar data finds active property funds are struggling to outperform.
Fund manager HMC Capital is seeking to expand fundraising for its private equity vehicle into wholesale platforms now that it has achieved a three-year track record, while scrapping plans for a second fund.
Former Platinum co-founder James Simpson will take up a non-executive role at Income Asset Management as two directors retire.
Bell Financial Group has announced a 44 per cent decline in half-year net profit after tax but record funds under advice as it transitions into a diverse wealth management business.
