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
+15.67%
2019
-0.31%
2018
-22.79%
2017
+59.14%
2016
-5.79%
2015
+0.24%

Latest Investment Report

Tantallon India Fund, July 2019

The Tantallon India Fund closed -4.58% in July. The fault lines between tweets have finally been exposed with the yuan breaking its RMb7:US$1 floor. The harsh economic costs of a protracted trade conflict, the unprecedented mass demonstrations in Hong Kong challenging China’s hegemony, the rolling conflicts in the Middle East, and the uncertainty posed by Johnson-ian bluster and bravado would suggest that geo-politics will likely further erode fragile investor confidence. In India, the proposal to scrap Article 370, rescinding the special rights and privileges of ‘permanent residents’ in the disputed border state of Kashmir, while transformative and bold, and in-line with Modi’s explicit election agenda, has been a ‘surprise’ at a time when the slow-down in the real economy has already generated significant investor angst. It’s certainly been another challenging summer!

 

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