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L1 Group Limited (ASX:L1G)

ALERT: Price-sensitive ASX Announcement for L1G
Current share price for L1G : $1.110 0.05 (4.72%)+
Release
14 Apr 2026 8:52AM
Price at Release
$1.060
Full Release
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Summary
L1 Group Limited experienced a 3.8% decrease in their Funds Under Management in the quarter ending March 2026, mainly due to the global market downturn triggered by the war in Iran. Nevertheless, the company's FUM rebounded to approximately $17.9 billion by April. Positive net client flows were recorded for the L1 Long Short and L1 Affiliates, along with a slowdown in outflows from Platinum strategies. The L1 Gold Fund Limited is scheduled to start trading on the Australian Securities Exchange on 24 April 2026. Furthermore, L1 Group anticipates earning a performance fee with the closure of the existing L1 Wholesale Gold Fund.
Key Points
  • L1 Group Limited reported a 3.8% reduction in Funds Under Management (FUM) during the March 2026 quarter due to the impact of the war in Iran.
  • Despite the decrease, L1 Group's FUM rebounded to approximately $17.9 billion by April 2026.
  • Net client flows were positive for L1 Long Short and L1 Affiliates, with a slowdown in net outflows for Platinum strategies.
  • L1 Gold Fund Limited is set to trade on the ASX from 24 April 2026.
  • L1 Group expects to earn a performance fee upon the closure of the existing L1 Wholesale Gold Fund.
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.