L1 Group Ltd: September 2026 Funds under Management Update
Key points
- Funds under management (FUM) increased by 1.3% to $19.3 billion
- Net client inflows for the fourth consecutive quarter
- L1 Long Short strategies and L1 Gold Fund led investment performance
- Platinum strategies recorded net client outflows
- L1 Global Long Short Fund announced a capital raising of up to $483 million
Full summary
L1 Group Ltd announced an increase in funds under management (FUM) by 1.3% to $19.3 billion for the quarter ended September 2026. Excluding a $400 million mandate return, FUM increased by 3.5%. The increase was driven by positive investment performance, particularly in L1 Long Short strategies and L1 Gold Fund. The company recorded its fourth consecutive quarter of net client inflows, supported by a $375 million capital raising by L1 Gold Fund Limited in September 2026. However, Platinum strategies saw net client outflows of $173 million. Post quarter end, L1 Global Long Short Fund Limited announced a capital raising of up to $483 million.
Guidance
L1 Group Ltd expects continued growth in funds under management and positive investment performance.
Outlook
L1 Group Ltd anticipates sustained net client inflows and positive investment performance in the coming quarters.
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