The L1 Group Ltd (ASX: L1G) share price is in focus after the company announced the launch of PXC Advisors, a new joint venture long short investment manager, and reported a striking 51% annualised return for its new strategy since inception to 31 July 2026.
Image source: Getty Images
What did L1 Group report?
- Launched PXC Advisors as a 50/50 joint venture with Dr Andrew Lin
- PXC Advisors Dynamic Return Strategy achieved 51% annualised net return since January 2024
- The strategy opens to external investors in September 2026
- PXC Advisors to manage Platinum International Technology Fund portfolio from 14 September 2026
- Part of L1 Group's ongoing growth and alternatives platform strategy
What else do investors need to know?
PXC Advisors has been developed out of Dr Andrew Lin's eight-year tenure in L1 Capital's award-winning Long Short team. The new strategy aims to find mispriced stocks during significant business or industry changes, focusing on technology, industrials, healthcare, and other growth sectors.
Since its inception in January 2024, the PXC Advisors Dynamic Return Strategy has been run with internal capital from L1 Capital's founders and employees. From September 2026, the strategy will open its doors to external investors, broadening access to its investment approach.
What did L1 Group management say?
L1 Group CEO and Managing Director, Julian Russell, commented:
The launch of PXC Advisors is another important milestone for L1 Group's growth strategy and represents our first new investment partnership since the launch of the L1 Capital Catalyst Fund in 2021.
We are focused on partnering with exceptional investment professionals and providing the capital, operational infrastructure and distribution capabilities they need to build high-quality investment businesses. Andrew is an outstanding investor who spent eight years within L1 Capital's Long Short investment team. We are delighted to announce our partnership with PXC Advisors and believe the firm's differentiated investment approach is a strong addition to L1 Group's growing alternatives platform.
What's next for L1 Group?
Looking ahead, L1 Group expects to expand its specialist investment capabilities by supporting talented investment leaders and launching new products. The opening of the PXC Advisors Dynamic Return Strategy to external investors marks a new phase of growth for the company.
The group will continue to pursue additional partnerships and investment strategies aimed at delivering long-term value for shareholders and clients, reinforcing its position in the Australian alternatives sector.
L1 Group share price snapshot
Over the past 12 months, L1 Group shares have risen 60%, outperforming the All Ordinaries Index (ASX: XAO), which has risen 4% over the same period.
