L1 Capital International Fund’s Q4 2023 Investor Letter

L1 Capital, an investment management firm, released its “L1 Capital International Fund” fourth quarter 2023 investor letter. In the fourth quarter, the fund returned 6.7% (net of fees), outperforming the Benchmark return of 5.4% by 1.3% (all in Australian dollars). The fund returned 36.9% (net of fees) in 2023, outperforming the Benchmark return of 23.0% by 13.9% (all in Australian dollars). Please check the fund’s top five holdings to know its best picks in 2023.

A copy of L1 Capital International Fund’s Q4 2023 investor letter can be downloaded here