L1 Group posts $700m jump in FUM in December quarter
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The news: Investment manager L1 Group has reported a $700 million increase to its funds under management over the December 2025 quarter, to $17.64 billion, driven by positive investment returns and strong inflows into its L1 Long Short Fund (LSF).
This was partially offset by Platinum Legacy outflows, predominantly from the Platinum International Fund.
Shares rose 1.59% to $1.18 per share at 12:19pm AEDT.
The context: L1 Group said realised performance fees for the December quarter are expected to be between $37 million and $39 million.
This includes "in-perimeter performance fees" of $32 million. In-perimeter performance fees are fees on the first 3.5% of absolute returns generated by the fund's strategies per financial year.
The company said it will recognise its full-year entitlement to "in-perimeter fees" for the LSF strategies in the first half of FY26.
The source: ASX
