InvestSMART

L1 Group Limited (ASX:L1G)

ALERT: Price-sensitive ASX Announcement for L1G
Current share price for L1G : $1.170 0.02 (1.74%)+
Announcement
Release
14 Aug 2026 8:38AM
Price at Release
$1.150
Full Release
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Summary
L1 Group Limited, under the ticker ASX:L1G, announced the launch of PXC Advisors, a specialist global long-short investment manager established as a 50/50 joint venture with Dr. Andrew Lin. The new venture will focus on the PXC Advisors Dynamic Return Strategy, which has yielded an annualized return of 51% since January 2024. This launch advances L1 Group's growth strategy by combining seed capital, institutional infrastructure, and global distribution capabilities to foster high-quality investment businesses. Dr. Andrew Lin, a former member of L1 Capital’s Long Short investment team, will lead PXC Advisors, focusing on investment opportunities in sectors like technology, healthcare, and industrials. The strategy will begin accepting external investors in September 2026.
Key Points
  • L1 Group Limited announces joint venture with Dr. Andrew Lin.
  • PXC Advisors will manage the Dynamic Return Strategy.
  • The strategy has achieved a 51% annualized return.
  • Launch represents L1 Group’s growth strategy advancement.
  • Strategy focuses on mispriced securities at industry inflection points.
  • Dr. Andrew Lin previously worked with L1 Capital’s Long Short team.
  • The strategy will open to external investors in September 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.