The ‘unloved’ stocks fuelling a 30% year in L1 Capital’s Catalyst Fund

For much of the past year, investors have been focused on growth stocks and AI winners. But some of the strongest returns have come from stocks the market had largely written off. James Hawkins, Head of L1 Capital’s Catalyst Fund, is building a reputation for finding value where others aren’t looking, combining deep research with an activist mindset to unlock it. That strategy has helped drive a strong year for the fund, with contrarian positions in companies like BlueScope Steel and Mineral Resources fuelling 30% gains. In this episode of the Rules of Investing, Hawkins explains L1’s affinity for hard assets, the catalysts for unlocking value and the unloved stocks capturing the markets attention.

You can listen to The ‘unloved’ stocks fuelling a 30% year in L1 Capital’s Catalyst Fund online on Radio and Podcast. Open the player on this page to stream the available audio.

The ‘unloved’ stocks fuelling a 30% year in L1 Capital’s Catalyst Fund is an episode from The Rules of Investing by Livewire Markets.

This episode is 34:27 long.

This episode was published on Mar 15, 2026.

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