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Majedie Asset Management Tortoise B Acc

Ranked 81 out of 83 in - Long/Short Equity over 12 months
All calculations are in GBP unless stated

Managed by

Tom Morris

Tom Morris is a fund manager and analyst with 7 years’ investment experience in UK and international equity markets at Majedie. He is responsible for co-managing the Tortoise Fund, Global Equity Fund and Global Focus Fund, having previously worked for Majedie as an equity analyst. Tom holds a Master of Sciences degree in Natural Sciences, specialising in Physics, from St Catharine’s College, Cambridge. He is a CFA charterholder.

Matthew Smith

Matthew Smith is a fund manager and analyst with 22 years' investment experience in UK and international equity markets. Matthew is responsible for lead managing the Tortoise Fund and co-managing both the UK Equity and UK Focus funds. Before joining Majedie in 2006, Matthew had been a Director at Deutsche Bank, where he was Pan European Support Services Analyst. Until 2004 he had been a Director and Transport Analyst at Credit Suisse. Prior to that, he was a fund manager and analyst at NPI, where he managed the NPI UK Extra Income Unit Trust. Matthew joined NPI in 1994. He holds a Bachelor of Science degree in Geophysics from the University of Southampton. He is SFA qualified and an Associate Member of the CFA Society of the UK.


The Fund aims to achieve positive absolute returns in all market conditions through investment primarily in long and synthetic short positions in equities over rolling three-year periods with less volatility than a conventional long-only equity fund. The Fund will hold a maximum of 60 long positions, representing an overall net position of up to 100% of NAV. No more than 10% of the NAV will be invested in any one security. The Fund may invest in the equity securities of companies incorporated anywhere in the world.Investments will primarily be in equity securities listed on eligible markets or exchanges located in EEA Member States, Australia, Canada, Hong Kong, Japan, New Zealand, Switzerland or the United States of America.

Showing fund performance in United Kingdom View performance globally


Long/Short Equity over : 31/03/2017 - 31/03/2018

Total Return

Quarterly Performance

to 31/03/2018 Annual Q1 Q2 Q3 Q4
2018 -1.5%
2017 -9.9% -2.1% -5.9% 1.1% -3.3%
2016 28.3% 8.6% 9.5% 3.7% 4.2%
2015 -7.1% 3.3% -3.6% -3.7% -3.1%
2014 1.8% 4.2% -1.3% -3.0% 2.1%
2013 18.5% 1.8% 6.1% 6.3% 3.2%
2012 7.9% 0.4% -2.7% 1.9% 8.4%
2011 10.9% 1.4% 1.9% 9.0% -1.6%
2010 -0.2% -0.6% -0.3% 0.3% 0.4%
2009 34.7% 9.0% 15.1% 8.7% -1.1%
2008 11.3% -2.4% 10.8% 0.7% 2.2%
2007 11.5%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Switzerland
  2. United Kingdom

Fund Info

  • Launch date31/08/2007
  • Share Class size74Mn
  • Base currencyGBP
  • ISIN IE00B240WZ84

Purchase Info

  • Min. initial investment500,000
  • Min. regular additional investment100,000


  • Annual management0.00%
  • Initial investment0

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).