Majedie Investments (MAJE) recent results revealed a further uplift in the value of its holding in Majedie Asset Management (MAM). The long-term performance of all the funds it invests in remains strong. The Tortoise Fund has delivered strong performance YTD, despite the volatility in markets which has hurt several other equity long-short funds. While the MAM valuation has increased rapidly in the last few years we believe that the next major boost to the value of MAJE’s holding in MAM
01 Jun 2016
A pause that refreshes
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Majedie Investments PLC (MAJE:LON) | 245 -4.9 (-0.8%) | Mkt Cap: 129.8m
- Published:
01 Jun 2016 -
Author:
Saumya Banerjee -
Pages:
6
Majedie Investments (MAJE) recent results revealed a further uplift in the value of its holding in Majedie Asset Management (MAM). The long-term performance of all the funds it invests in remains strong. The Tortoise Fund has delivered strong performance YTD, despite the volatility in markets which has hurt several other equity long-short funds. While the MAM valuation has increased rapidly in the last few years we believe that the next major boost to the value of MAJE’s holding in MAM