L1 Capital’s Rafi Lamm and Mark Landau aim for golden touch with $950m IPO
The star fund managers will not be escrowed in the biggest float on the ASX so far this year, which seeks to capitalise on a (faltering) revival for the yellow metal.
Prominent investment manager L1 Capital has flagged plans to launch its next vehicle in the second half of 2026, as it prepares to float its $950 million gold fund on the ASX in the biggest listing so far this year.
Spot gold prices hit fresh record highs earlier this year but the safe haven commodity has fallen by about 10% since the Iran war broke out in February.
L1 Capital Group chief executive Julian Russell told Capital Brief the fund manager is “strongly optimistic” on the outlook for gold and the fund has the ability to generate returns in a range of macro economic and gold pricing environments due to its hedging ability.
The gold fund is an actively managed long/short portfolio of gold and precious metals securities along with gold futures and has returned about 158% since its inception last March.
