NVDA - L1 Capital Catalyst Fund June 2024 Quarterly Report
2024-07-12 05:32:00 ET
Summary
- The L1 Capital Catalyst Fund returned -6.8%1 for the June quarter (ASX200AI -1.1%).
- The Catalyst Fund’s underperformance during the June quarter was driven by a decline in the prices of key commodities and having no exposure to the Australian banks which continued to move higher.
- At the three-year anniversary of the Catalyst Fund, it has returned 9.9% p.a. and 32.8% cumulatively, outperforming the S&P/ASX200 AI index by 3.6% p.a. and 12.5%, respectively.
Global markets were mixed over the June quarter, with divergent themes impacting key markets....
L1 Capital Catalyst Fund June 2024 Quarterly Report