A year from its launch, the fund recently passed £500m of AUM.
Majedie said its threshold, at which point no further investment would be permitted into the fund, was based on a “detailed liquidity analysis” of the fund.
Run by Chris Reid and Yuri Khodjamirian, the fund has returned 76% since inception in December 2011, against the FTSE All-Share’s 42.8%.
Chief executive Rob Harris said: “This is just the latest chapter in Majedie’s decade-long commitment to limiting capacity in our funds. We know that by staying small we are best placed to perform for our clients over the long term; naturally we’re pleased that the merits of this approach are now becoming more widely accepted.”
Equity specialist boutique Majedie currently runs the UK Focus, UK Income, and Tortoise funds, with total AUM of £9bn.
Its Tortoise Fund, a Dublin-domiciled long/short equity vehicle, was closed to new investors in January 2012, upon reaching £250m net inflow capacity limit.
The group’s strategy is designed to protect client performance. Existing investors will be able to add to their mandates on request and the group will recycle any outflows to new investors as appropriate.
