Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Majedie Tortoise A Acc

Ranked 73 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.


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 : 30/09/2016 - 30/09/2017
  • Rank 73/83 Total Return
  • Rank 64/83 Standard Deviation
  • Rank 77/83 Max Drawdown
Fund Name Currency Return
71 Goldman Sachs Glo Eq Long Short Pf DV Acc GBP-H

Currency exposure is hedged

Currency exposure is hedged



72 CS (Lux) Multi-Advisor Equity Alpha Fund FBH GBP

Currency exposure is hedged

Currency exposure is hedged



73 Majedie Tortoise A Acc GBP


74 BSF European Diversified Equity Abs Ret A2 GBP Hgd

Currency exposure is hedged

Currency exposure is hedged



75 CF Odey Absolute Return GBP Ret Acc GBP


Fund Name Currency Loss
75 FP Argonaut Absolute Return GBP A Acc GBP


76 Majedie Asset Management Tortoise B Acc GBP


77 Majedie Tortoise A Acc GBP


78 UBS (Irl) Inv Sel - Equity Opp L/S P-PF GBP Hdg

Currency exposure is hedged

Currency exposure is hedged



79 Odey Giano European GBP Inc GBP


Total Return

Quarterly Performance

to 29/09/2017 Annual Q1 Q2 Q3 Q4
2017 -2.6% -6.2% 0.4%
2016 24.5% 8.0% 8.5% 2.8% 3.3%
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

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

Related News

The boutique playbook: Majedie's lessons 15 years on

As the boutique celebrates its 15th birthday, it shares some of the secrets to its success.

Majedie to raise stock limit on AAA-rated Smith's Tortoise fund

The proposed change comes weeks after a similar circular for the Majedie UK Income fund.

Performance review: why Towry's Wilson broke alternatives record

Towry head of investment Andrew Wilson was betting on falling volatility providing a cheaper entry point to risk assets, but it was his passive allocation that was the big winner in 2013.

Marcus Brookes: watch out for February crunch

Citywire A-rated manager Marcus Brookes, who runs more than £2 billion for Schroders, has warned of a likely market correction.  

Majedie Asset Management shakes-up UK equity team

The Investment boutique has reassigned roles and promoted two analysts to co-manager positions.  

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