L1 Group Limited
L1G.AX
Australian Securities Exchange1.24
AUD
+0.04
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L1 Group Limited
L1G.AX
(Australian Securities Exchange)
Recent
price
1.24
P/E
ratio
- -
div
yld
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ROIC.AI
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- Business
- L1 Group Ltd (ASX:L1G) is an Australia-based global investment manager that provides a diverse suite of alternative investment strategies; its core products include the L1 Capital Long Short Fund, a top-performing Australian long/short equities strategy since inception in 2014; the L1 Capital Global Long Short Fund (ASX:GLS), a geographically unconstrained global long/short equities vehicle; the L1 Capital Catalyst Fund, featuring high-conviction ideas with an activist overlay; the L1 Capital International Fund, focusing on high-conviction international equities; the L1 Capital Global Opportunities Fund, a hedge fund strategy; and the L1 Capital U.K. Residential Property Fund, targeting residential real estate in Tier-1 U.K. cities; alongside Platinum Asset Management's international equities funds. The firm serves institutional clients such as superannuation funds, offshore pension funds, and asset consultants; private wealth firms, financial advisers, and family offices; as well as high net worth individuals, wholesale, and retail investors; with operations centered in Australia and extending globally through offices in Melbourne, Sydney, Miami, and London. Formed in 2025 through the merger of L1 Capital, founded in 2007, and Platinum Asset Management, founded in 1994 and formerly the entity listed as Platinum Asset Management Ltd, L1 Group is headquartered in Melbourne, Australia, and remains majority owned by L1 staff with significant team alignment via personal investments in its funds. Recent developments include the completion of the L1 Capital-Platinum merger under a binding implementation deed announced in July 2025, creating a combined entity with approximately A$16.5 billion in funds under management; a A$330 million equity raising in October 2025, comprising a A$286 million placement, A$25 million share purchase plan, and A$19 million subsidiary share sale at A$0.95 per share to fund growth initiatives, new affiliates, joint ventures, and a forthcoming strategy seeded with A$100 million; successful closure of the share purchase plan in November 2025 at its maximum; and the appointment of Julian Russell as chief executive officer and managing director, succeeding Jeff Peters.