L1 Capital fund added to new platforms
L1 capital Long Short Fund has been added to BT Wrap, BT Panorama and Asgard platforms.
According to L1 Capital, a boutique fund manager that was founded in Melbourne in 2007, the fund objective was to deliver a net return of at least 10 per cent per annum with strong capital protection characteristics.
The fund would be distributed by L1 Capital’s partner, Channel Capital.
L1 capital’s co-founder and chief investment officer, Mark Landau, said: “We are pleased to broaden our platform offering to include BY and Asgard, which enables more convenient access to our Long Short Fund for planners and advisers.”
AUTHOR
Oksana Patron
Recommended for you
Financial advisers nervous about the liquidity of private markets funds for their retail clients are the target of fund managers launching semi-liquid products which offer greater flexibility and redemptions.
Former Pendal head of multi-asset Michael Blayney has been appointed as a member of the investment committee at specialist managed accounts provider Evidentia Group.
Australian Ethical has seen its funds under management surpass $13 billion in the latest quarter, thanks to retail and wholesale net flows of $173 million but a transition project by Mercer affected superannuation flows.
A salary guide has unpacked the salaries earned in various asset classes, with managing directors in one space earning north of $500,000.
