An ASX-listed global equities long/short fund has returned 23.2% in April, as global bourses rebounded following their March lows. : An ASX-listed global equities long/short fund has returned 23.2% in April, as global bourses rebounded following their March lows. L1 Capital's Long Short fund lifted 23.16% pre-tax during the month, however the fund is still down 11.57% since the beginning of the year - and down 9.53% over the past 12 months. It's the fund's strongest month on record, with performance broadly spread by stock and sector.