The Tantallon Fund

The Tantallon Fund is a Cayman Island vehicle which invests in listed equities in the Asia Pacific region. The fund targets a concentrated portfolio of 35 names, with a 3-5 year investment horizon. At the portfolio manager’s discretion the fund may hedge its market and currency exposure, and short sell individual securities.

Chief Investment Officer : Nicholas Harbinson
Inception : Nov 2003
Current AUM : US$ 31 million
YTD results : -10.92%
Lifetime results : +203.54%
Super Trees | Tantallon Capital
The Tantallon Fund vs MSCI Pacific Free chart | Tantallon Capital

Since the fund’s inception the objective of The Tantallon Fund has been to generate superior long term returns for investors. We track performance in both our un-hedged long book as well our overall net returns to ensure that notwithstanding near term market sentiment and volatility, our long term fundamental investment convictions remain in line with objectives. We believe that investing for the long term means investing through different cycles. While we measure ourselves against both absolute as well as relative benchmarks, our investors appreciate that it is often as important to avoid falling into holes - especially the big ones excavated by major economic cycles, as it is seeking to reach common heights when growth is commonplace.

TANTALLON FUND REPORT

Tantallon Fund Report, 
January 2025

The closing week of the Year of the Dragon toasted us amidst some of the wildest volatility I have seen in over 20 years, and the fund ended January -10.9%.

At the close of business on Jan 24th we were +10%, well on the way to recouping the losses of December. The blind panic triggered by DeepSeek then sparked the biggest one day fall in the fund’s history, with falls of 25-30% common across all
our major holdings. I watched with incredulity as the AI narrative was upended by Andreessen’s “Sputnik moment” tweet, and the consensus abruptly switched to outright bearishness on Nvidia, the CSP’s and the associated power thematic.

Tantallon Fund Details

Domicile/Corporate Structure:Cayman Islands Master Feeder Fund
Established2003
Terms Currency:USD
Minimum investment:USD 1,000,000
Annual management fee:1.5%
High water mark:Yes
Valuations:Monthly
Subscriptions:Monthly
Redemptions:Monthly w 30 day notice, 25% gate
Service providers
Administrator:Portcullis Trust (Singapore) Ltd
Prime brokers/Auditors:Morgan Stanley & Co. International plc /
PricewaterhouseCoopers LLP
Lawyers:Maples & Calder
Shearman & Sterling LLP
Listings
Bloomberg:            TANTALF KY Equity

Chief Investment Officer

Nick Harbinson | Tantallon Capital

Nick Harbinson

Director | Chief Investment Officer

Tantallon Capital
Contact Us

137 Telok Ayer Street, #03-05
Singapore 068602