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Majedie Tortoise A Acc

Ranked 19 out of 75 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.


To achieve positive absolute returns in all market conditions over rolling three-year periods with less volatility than a conventional long-only equity fund. It may invest in a concentrated portfolio of equity securities, comprising a maximum of 40 long and 40 short positions. This will be predominantly in companies incorporated in the UK or with a substantial proportion of their business in the UK, but it may also invest in non-UK companies up to a maximum of 45%.

Showing fund performance in United Kingdom View performance globally


Long/Short Equity over : 31/08/2015 - 31/08/2016
  • Rank 19/75 Total Return
  • Rank 54/75 Standard Deviation
  • Rank 46/75 Max Drawdown
Fund Name Currency Return
17 Jupiter International Financials Acc GBP


18 Pensato Europa Absolute Return R GBP B

Currency exposure is hedged

Currency exposure is hedged



19 Majedie Tortoise A Acc GBP


20 Jupiter Absolute Return Acc GBP


21 RWC Asia Absolute Alpha B GBP

Currency exposure is hedged

Currency exposure is hedged



Fund Name Currency Loss
44 Pictet-Japanese Equity Opportunities-I GBP GBP


45 RWC US Absolute Alpha A GBP

Currency exposure is hedged

Currency exposure is hedged



46 Majedie Tortoise A Acc GBP


47 LM MC Euro Abs Alpha M (PF) GBP Dis (A) (H)

Currency exposure is hedged

Currency exposure is hedged



48 LM MC Japan Abs Alpha M (PF) GBP Dis (A) (H)

Currency exposure is hedged

Currency exposure is hedged



Total Return

Quarterly Performance

to 30/06/2016 Annual Q1 Q2 Q3 Q4
2016 8.0% 8.5%
2015 -9.2% 2.4% -4.0% -4.1% -3.7%
2014 -0.3% 3.7% -1.8% -3.8% 1.6%
2013 16.1% 1.5% 5.3% 5.7% 2.8%
2012 -3.2% 1.6% 7.5%

Month by Month Performance

Returns Vs Risk

Asset Allocation



Top 10 Holdings

Stock Size
GBP Cash 28.57
Tesco PLC ORD 4.86
Koninklijke KPN NV ORD 4.36
Orange SA ORD 4.02
Royal Dutch Shell Plc B ORD 3.78
WM Morrison Supermarkets PLC ORD 3.61
Barrick Gold Corp ORD 3.33
Anglo American PLC ORD 3.09
HSBC Holdings PLC ORD 2.87

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date24/02/2012
  • Share Class size01Mn
  • Base currencyGBP
  • ISIN GB00B6Q8SG18

Purchase Info

  • Min. initial investment10Mn
  • Min. regular additional investment100,000


  • Annual management2.50%
  • Initial investment0

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