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L1 Global Long Short Fund Limited (ASX:GLS)

ALERT: Price-sensitive ASX Announcement for GLS
Current share price for GLS : $1.840 -0.27 (-12.80%)+
Announcement
Release
26 Aug 2026 9:15AM
Price at Release
$2.110
Full Release
download
Summary
The FY26 Annual Report for L1 Global Long Short Fund Limited outlines the company's successful transition from Platinum Capital Limited, with L1 Capital assuming management on 28 November 2025. The company's portfolio achieved a net return of 11.90%, surpassing benchmarks, amid global economic volatility. The investment strategy is centered on a diversified portfolio of long and short positions, based on fundamental research. Despite changes in board and management, the company is committed to providing strong returns and has announced a fully franked final dividend for FY26. The board plans to continue quarterly dividend payments in FY27, contingent on financial performance. Management fees and a performance-based fee structure are in place to align interests. The Annual General Meeting is set for November 2026.
Key Points
  • L1 Capital assumed investment management of L1 Global Long Short Fund Limited on 28 November 2025.
  • The company's portfolio delivered a net return of 11.90% for the financial year ending 30 June 2026.
  • Key investment strategy involves a fundamental bottom-up research process for a diversified portfolio of long and short positions.
  • The company aims to provide strong, positive, risk-adjusted returns over the long term.
  • L1 Global Long Short Fund Limited transitioned from Platinum Capital Limited with a change in investment strategy.
  • A fully franked final dividend of 2.00 cents per share was determined for FY26.
  • The board intends to pay quarterly dividends totaling a minimum of 8.00 cents per share for FY27.
  • Management fees of 1.4% per annum and a performance fee of 20% of outperformance are stipulated in the investment agreement.
  • L1 Global Long Short Fund Limited's Annual General Meeting is scheduled for 10 November 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.