L1 Long Short Fund Ltd. (AU:LSF) has released an update.
L1 Long Short Fund Ltd. reported modest gains with a 0.7% return for the June quarter, outperforming the ASX200AI’s -1.1% return. Over the past three years, the fund has achieved an 11.9% annual return, significantly exceeding the ASX200AI’s 6.4% return. Amidst a mixed global market scenario, characterized by mega-cap tech stocks driving U.S. gains and subdued Australian and European markets, the fund identifies attractive investment opportunities in undervalued, cash-generative companies.
For further insights into AU:LSF stock, check out TipRanks’ Stock Analysis page.
