Fund Profile: Tortoise closes to new investors after racing to $550m
Fri Feb 3, 2012
Investment boutique Majedie Asset Management has closed its
UK long/short UCITS fund to new investors after attracting $550
million of flows since launch.
The Tortoise Fund is described by Rob Harris, the managing
director of London-based Majedie, as an 'old fashioned hedge
fund' because its gross positions are modest and it achieves
its alpha through stock picking not via leverage. The
Irish-domiciled fund is managed by Matthew Smith and Chris Reid
and is currently 41% invested internationally but can
ISSN: 2151-1845 / CDC10004H
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