Shaw and Partners has been appointed Co-Manager to the L1 Long Short Fund Limited Initial Public Offering.

The company is seeking to obtain a listing on the Australian Securities Exchange (ASX) and is offering for subscription a minimum of 50,000,000 and up to 250,000,000 fully paid ordinary shares. Shares will be issued at an application price of $2.00 per share. The offer will raise between $100,000,000 and $500,000,000 (with the ability to accept applications for up to a further 50,000,000 shares in oversubscriptions).

L1 Long Short Fund Limited will replicate the strategy of L1 Capital’s successful L1 Capital Long Short Fund, which since its inception in 2014, has delivered a 36.9% p.a. return.  L1 Long Short Fund objective is to deliver strong, positive, risk-adjusted returns to investors over the long term.

For more information please contact your Shaw and Partners Adviser.

THE OFFER IS OPEN TO INVESTORS IN AUSTRALIA AND NEW ZEALAND.

About L1 Long Short Fund Limited

L1 Capital is a global investment manager with funds under management of approximately $3.0bn as at 31 December 2017. The Manager currently manages capital for a range of investors including institutional, wholesale and retail investors. The Manager was established in 2007 by Raphael Lamm and Mark Landau, and now employs a team of 5 investment personnel and 4 operations staff based in its Melbourne office. The Manager is 100% owned by entities associated with the key personnel.

Disclaimer: L1 Long Short Fund Limited (“Company”) is undertaking an initial public offer of ordinary shares (“Offer”) pursuant to a prospectus dated 16 February 2018 (“Prospectus”). A copy of the Company’s Prospectus is available at www.L1LongShort.com. Anyone who wishes to acquire shares in the Company, and participate in the Offer, will need to complete an application form that will accompany the Company’s prospectus during the offer period. This is not a complete description of the Company nor the shares to be issued under the Offer. Investors should consider the contents of the prospectus in its entirety, including the terms and conditions of the Offer and risk factors involved in investing in shares under the Offer (Section 5 of the Prospectus) before making any investment decision. Terms defined in the Prospectus have the same meaning in this document unless the contrary intention appears.