Aug 3, 2026 – 10.09amL1 Group, which oversees $19 billion in funds under management and is capitalised at $2.6 billion on the ASX, is getting into small-caps.Andrew Peros is leaving Ausbil for listed rival L1 Group. James brickwoodSarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Angira Bharadwaj is a co-editor of Street Talk. She covers IPOs, capital raises, mergers and acquisitions and other breaking news in Australia’s capital markets. Previously, she covered financial services, state, and federal politics. Send tips to @angirab.60 on encrypted messaging platform Signal.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?
L1 Group lures Ausbil’s small caps star portfolio manager
Ausbil’s micro and small-cap funds have delivered an annualised return of over 20 per cent since inception.
TL;DRAI
Andrew Peros joins L1 Group from Ausbil as the $19B fund manager expands into small-cap investing. The move signals consolidation in Australian asset management, with star talent gravitating to larger platforms with greater capital and mandate scope.
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