L1 Long Short Fund Posts Higher Portfolio Return in September Quarter
MT Newswires Live
Oct 17, 2025
L1 Long Short Fund (ASX:LSF) reported portfolio returns of 13.3% for the September quarter, up from returns of 2.4% last year, according to a Friday Australian bourse filing.
Over the past five years, portfolio return was 22% per annum, per the filing.
The fund said the Australian equity market is "relatively" fully valued, with several large-cap stocks trading far above historical multiples and global peers.
Despite a slowing macro backdrop, the company said its median long position should deliver double-digit earnings per share growth and a "compelling" medium-term return profile.
L1 Long Short Fund's shares fell nearly 2% in recent Friday trade.
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