Netwealth adds L1 Capital Long Short Fund
Netwealth has added L1 Capital’s Long Short Fund, which returned 7.3 per cent for the quarter, to its investment and superannuation menu due to an increased interest from advisers.
The fund was launched in 2014 and aimed to deliver a net return of at least 10 per cent per annum, with strong capital protection characteristics.
L1 Capital is a Melbourne-based boutique fund manager which was founded by Raphael Lamm and Mark Landau. In 2007 it launched its Australian Equities Fund (large cap, long only).
Currently, L1 Capital’s Long Short Fund is available via its retail distribution partner, Channel Capital.
“We are seeing an incredible amount of interest from advisers for the L1 Capital Long Short Fund as they seek alternative solutions in equities that provide solid risk adjusted returns with lower volatility and beta than a long only or passive strategy,” Channel Capital’s head of distribution, Andrew King, said.
“The L1 Capital Long Short Fund has expressed significantly lower beta and volatility than the ASX200 whilst having outperformed the market in every market sell-off.
“We are very excited to offer advisers access to what we believe is the best long short strategy in the market.”
AUTHOR
Oksana Patron
Recommended for you
Clime Investment Management has faced shareholder backlash around “unsatisfactory” financial results and is enacting cost reductions to return the business to profitability by Q1 2025.
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
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.
