L1 Long Short Fund Ltd. (AU:LSF) has released an update.
The L1 Long Short Fund Ltd. reported a solid 2.6% return in May, outperforming the S&P/ASX 200’s 0.9% amid a market uplift driven by strong corporate earnings and A.I. optimism in technology stocks. Despite mixed global economic indicators, the fund has shown consistent long-term outperformance, with a 13.6% annualized return over the past three years compared to the ASX200AI’s 6.8%. The fund’s success in May was attributed to strategic positions in companies with robust earnings updates, alongside a cautious approach to growth stocks with speculative valuations.
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