L1 Group shares jump 108% in 12 months, outpacing Nvidia’s 47% gain

L1 Group Ltd (ASX: L1G) has risen 108% over the past 12 months, compared with a 47% increase in Nvidia’s shares over the same period. The move has been tied to L1’s acquisition and merger with Platinum Asset Management and the launch of the L1 Gold Fund (ASX: LGF), which raised $950 million. The article also cites forecasts that put L1G on a sub-20x FY27 P/E, with FY27 profit projected to rise about 25% year-on-year.