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$ 94 million
YTD results : +41.79%
Lifetime results : +846.79%
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, 
August 2026

The fund declined 2.1%, reducing our ytd performance to +41.8%.

I entered August with a high conviction that the extreme chop of July was behind us and that we could expect a significant rally in any names carrying any taint of
ownership by Aschenbrenner (or indeed me!). Mid-month, with the portfolio up 14%, all appeared to be going to plan, but I under-estimated the impact of the unwind of those same positions by Citadel, and in a market still being buffeted by the circular worries of Hormuz closure, higher oil, weaker bonds, dollar debasement etc etc, the gains evaporated with startling speed in the final stretch of August, forcing me to trim our sails (somewhat) once again.

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

Tantallon Capital
Contact Us

137 Telok Ayer Street, #03-05
Singapore 068602 

Tantallon Capital