THE TANTALLON INDIA FUND

 

 

The Tantallon India Fund is a fundamental, long-biased, India-focused, total return opportunity fund, registered In the Cayman Islands and Mauritius.  The Fund invests with a 3-5 year horizon, in a concentrated portfolio (25-30 unlevered positions), market cap/sector/capital structure agnostic, but with strong conviction on the structural opportunity, scalable business models, and in management’s ability to execute.

 

 

Tantallon India Quarterly Fund Factsheet

- March 2019

 

Performance Since Inception

(Click on each month's data below to read the monthly pdf report)

 

Return
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Inception
+10.37%
2019
-4.87%
2018
-22.79%
2017
+59.14%
2016
-5.79%
2015
+0.24%

Latest Investment Report

Tantallon India Fund, August 2019

The Tantallon India Fund closed -4.58% in August, almost all of it on account of the rupee depreciating by -3.7% against the US$, in-line with the 4% depreciation of the renminbi.

The world is significantly more complicated than just six months ago. The specter of an increasingly aggressive response to the mass demonstrations in Hong Kong, the risk-off/risk-on market schizophrenia to off-again/on-again, trade-talk carrots and sticks, a liquidity constrained and slowing China and an inverted yield curve foreshadowing a potential global recession, the bleak prospects of a no-deal Brexit, saber rattling over the Kashmir Valley, rolling conflicts in the Middle East...the list goes on and on and on, paralyzing actual investment decision-making, and encouraging myopic portfolio duration and positioning.

Read full report (pdf)

 

 

Last Three Months Reports (pdf)

 

For details and performance of our Funds, please check our other pages:

The Tantallon Fund

Tantallon Tech & Sustainability Fund

 

Other News

Post card from Iran

There is so little information on Iran you cannot even find the Teheran Stock Exchange on Bloomberg. Yet this is an exchange with a market cap of US170billion, turning over up to US150m/day with zero foreign participation, entirely on the back of domestic mutual fund and retail investors.

News from Ukraine

In Lv’iv on the morning of my departure I attended the funeral of one of the casualties of the “anti-terrorist operation” in Donetsk. Loudspeakers relayed polyphonic chant from impressively hirsute Orthodox clergy to a cluster of old women and an honor guard, smoking furiously and in no mood to be photographed, waiting to transport the hearse the short distance from the altar to a waiting ambulance.

Previous Performance Data & Reports