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$ 96 million
YTD results : +44.77%
Lifetime results : +866.72%
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, 
July 2026

The fund declined -31.7%, reducing our year-to-date advance to +44.8%. Steady the Buffs.

I prefigured some of the damage we were experiencing in the June report. It was however the final week of the month that caused the sharpest pain before some sanity returned in the last two trading days as the implosion of the USD45billion
Situational Awareness fund ended with Citadel picking up some very cheap assets. This is however the second largest drawdown in the fund’s 23-year history, exceeding the -28% we gave back in the Lehman crash. Whereas the 2008 crash was at once all-encompassing and terrifying, this was an entirely sector specific leverage-driven unwind, occurring as the underlying data supporting the investment case was repeatedly confirmed by results and commentary while the
broad market made new highs.

LATEST LIBRARY

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

Fund Team

Warwick Negus - External Director

Tantallon Capital
Contact Us

137 Telok Ayer Street, #03-05
Singapore 068602 

contact@tantalloncapital.com

+65 6327 3920 

Tantallon Capital

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