L1 Capital was founded in 2007 by Raphael Lamm and Mark Landau with a focus on the Australian equity market. Their Long Short Fund is an absolute return hedge fund that provides investors with a highly diversified portfolio of long and short positions. .
According to their latest monthly report, the fund reported 5.8% gains in June, while in the last three months it delivered 12.2%. The comparative benchmark is the S&P/ASX 200, which delivered 1.4% in May and 9.5% in the last three months.
June Commentary
The investor sentiment continued to improve during the month due to optimism regarding the tariffs, which pushed the equity market up. Over the month, some markets, like oil, went through volatility periods. Other events, like a deal on rare earth minerals with China, which was signed on June 26, boosted investor confidence.
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