L1 Long Short Fund Outperforms Market Amid February Decline

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

In February, the L1 Long Short Fund’s portfolio outperformed the market with a return of -0.9%, compared to the S&P/ASX 200 Accumulation Index’s -3.8%. Despite market challenges such as weak U.S. economic data and geopolitical tensions, the fund benefited from strong performances in certain sectors and strategic positions, particularly in Australian and U.K. banks. However, it faced setbacks with some long positions like Mineral Resources and Viva Energy. The fund remains optimistic about future opportunities, especially in European infrastructure and global aviation, despite concerns over market overvaluation.

More about L1 Long Short Fund Ltd.

L1 Long Short Fund Ltd. operates in the financial industry, focusing on investment management with a strategy that involves both long and short positions in various stocks and sectors. The company aims to capitalize on market inefficiencies and valuation distortions, offering its clients opportunities for growth and returns.

YTD Price Performance: -8.25%

Average Trading Volume: 440,859

Technical Sentiment Consensus Rating: Hold

See more data about LSF stock on TipRanks’ Stock Analysis page.