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 invest...

ISSN: 2151-1845 / CDC10004H

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