L1 Capital lifts off
On the back of increasing demand, fund manager, L1 Capital has launched a retail version of its wholesale long short fund, which produced a return of 41.62 per cent per annum since inception (2014).
In conjunction with the launch, L1 Capital entered into a distribution partnership with financial services group, Channel Capital.
L1 Capital's wholesale short fund also ranked first long short product in 2015, and in the top 10 in 2016, according to HSBC's alternative investment group performance review.
L1 Capital's co-founder, Mark Landau said: "Over the past year, we have seen a dramatic increase in interest from financial planners and retail investors. We are delighted to partner with Channel Capital to launch our retail offering".
Their long short strategy had 70 positions, which contributed more than one per cent performance since inception, L1 Capital said.
Their long short retail fund could now be accessed via Channel Capital.
For more information, click here.
Recommended for you
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.
Responsible investment performance concerns have lessened as the market hits $1.6 trillion in AUM, according to RIAA’s annual report, but greenwashing fears among asset managers are on the rise.
Research by Morningstar has found fixed income funds are bucking a general trend around managed fund fee dispersion with a smaller fee dispersion compared to equity ones.
As investors seek to diversify their portfolios, the naming of bond labels has broadened out to include green, social and impact bonds, according to the annual RIAA report.
