A cross-border team from global law firm Norton Rose Fulbright has advised L1 Capital on the establishment and global offering of L1 Capital Global Long Short Fund.

L1 Capital is an independent equities fund manager whose investment team comprises experienced portfolio managers, Raphael Lamm, Mark Landau and Lev Margolin. The team has managed one of the best performing large cap Australian equities funds since 2007.

The new offshore fund will employ a long/short investment strategy, which involves buying “long” and selling “short” a stock or basket of stocks, in anticipation of profiting from changes in the price differential between the respective long and short positions. The fund will invest in Australian and international shares as well as derivatives.

L1 Capital will raise capital from institutional and high net worth investors in USA, Canada, NZ, Israel, UK and Australia. The fund manager was advised by a Norton Rose Fulbright team spanning Australia, the US, Canada and the UK.

Norton Rose Fulbright Sydney-based corporate partner Fadi Khoury led the deal and commented:

“I am proud to be associated with this experienced team, as they deploy their strong local investment track record and experience in a global strategy.”

L1 Capital Executive Director, Joel Arber, commented:

”The design of the fund reflects best practice from a governance perspective. The fund seeks to provide our investors with access to a diversified global exposure in a volatile investment market.”