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L1 Long Short Fund Ltd. ( (AU:LSF) ) has issued an announcement.
The L1 Long Short Fund’s portfolio experienced a 3.8% decline in December, slightly underperforming the S&P/ASX 200 Accumulation Index’s 3.2% drop. Despite short-term setbacks, the fund boasts a strong five-year performance, with a 15.1% annual return compared to the ASX200AI’s 8.1%. The decline was influenced by global market volatility, driven by hawkish signals from the U.S. Federal Reserve. The fund faces challenges from the outperformance of growth stocks over value stocks, yet it sees potential in undervalued sectors. Key positive contributors included Fraport and De Grey Mining, while NexGen Energy and BlueScope Steel were notable detractors.
More about L1 Long Short Fund Ltd.
L1 Long Short Fund Ltd. operates within the financial services industry, with a focus on investment management through its long and short equity fund. The company primarily engages in value investing strategies, targeting undervalued stocks and sectors in both domestic and global markets.
YTD Price Performance: 1.37%
Average Trading Volume: 351,947
Technical Sentiment Consensus Rating: Sell
For detailed information about LSF stock, go to TipRanks’ Stock Analysis page.