BUZZ-Australia's L1 Group gains most in more than two months on AUM increase

Reuters

10/09

BUZZ-Australia's <a href="https://laohu8.com/S/L1G.AU">L1 Group</a> gains most in more than two months on AUM increase

** Shares of Australia's L1 Group L1G.AX rise as much as 11.6% to A$0.815, posting their biggest intraday pct gain since August 6

** Stock hits its highest level since September 1, up for a third straight session

** Fund manager posts total assets under management of A$16.95 billion ($11.17 billion), compared with A$16.50 billion reported in June

** Stock has risen 17.4% this year, including the session's gains

($1 = 1.5170 Australian dollars)

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com;))

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