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L1 Capital launches global fund
A cross-border team from a global law firm has advised L1 Capital on the establishment and global offering of the L1 Capital Global Long Short Fund.
Emma Musgrave
Firm: Norton Rose Fulbright
Value: US$300 million
Area: Finance
Key players: The Norton Rose Fulbright team advising L1 Capital was led by Sydney partner Fadi Khoury (pictured), with assistance from Sydney senior associate Susie Li, New York partners Michael Flamenbaum and Steven Howard, London partner Imogen Garner and Toronto partner Michael Bunn.
Deal significance: 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 the USA, Canada, New Zealand, Israel, the UK and Australia.
Norton Rose Fulbright partner Mr Khoury said: “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.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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