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L1 Long Short Fund Experiences Quarterly Loss Amid Market Volatility
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L1 Long Short Fund Experiences Quarterly Loss Amid Market Volatility

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An announcement from L1 Long Short Fund Ltd. ( (AU:LSF) ) is now available.

The L1 Long Short Fund (LSF) reported a -7.9% return for the December quarter, underperforming the ASX200AI index, which fell by 0.8%. Despite the recent quarterly decline, LSF has achieved an annual return of 15.1% over the past five years, outperforming the ASX200AI’s 8.1% per annum. The quarter was marked by volatility in global equity markets due to U.S. election uncertainties and shifts in interest rate expectations. The U.S. markets, particularly driven by mega-cap tech stocks, showed strong performance, while the Australian market saw declines in most sectors except Financials, Industrials, and Communications Services. The fund faced challenges due to its value investment style amidst the recent outperformance of growth stocks.

More about L1 Long Short Fund Ltd.

YTD Price Performance: -1.03%

Average Trading Volume: 328,584

Technical Sentiment Consensus Rating: Hold

Learn more about LSF stock on TipRanks’ Stock Analysis page.

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