L1 Capital L/S Fund Has Its Best Month of 2025 & Up 42% YTD With Gains From This Aussie Bank Short

L1 Capital and its Long Short Fund continued their streak of outperformance in November, netting 7.5%. This pushed the year-to-date performance to 41.5%. In contrast, the benchmark ASX200AI lost 2.7% in November, dropping its 2025 gains to 6.94%.

Also see: Precious Metals Drive This Hedge Fund’s YTD To 30%; 28% CAGR ITD

Market Commentary

During the month, the equity market in Australia declined. Sticky inflation shifted interest rate expectations. Investors now anticipate rate hikes within the next six months. This shift followed a 3.8% year-over-year rise in the October consumer price index, surpassing previous expectations of 3.6%.