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Majedie Tortoise A Acc

Ranked 72 out of 79 in - Long/Short Equity over 12 months
All calculations are in GBP

Managed by

Tom Morris

Tom Morris is a fund manager and analyst with 6 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 21 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%.


Long/Short Equity over : 31/10/2014 - 31/10/2015

Total Return

Quarterly Performance

to 30/09/2015 Annual Q1 Q2 Q3 Q4
2015 2.4% -4.0% -4.1%
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

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. 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 GBP).