Majedie Investments (MAJE)

Majedie Investments (MAJE), managed by Marylebone Partners, offers exposure to a broad range of differentiated sources of return through a ‘liquid endowment strategy’. The name of this strategy refers to the team’s fundamental, long-term approach to investing and avoidance of illiquid asset classes, reflective of their belief that locking up capital for extended periods is not necessary to deliver inflation-beating returns.

Regulatory approval has now been granted for Marylebone Partners to become part of Brown Advisory, an independent US-based investment Management and strategic advisory firm. As a result, the team at Marylebone Partners now have access to significantly broader resources and can invest in any fund within Brown Advisory’s range without incurring any additional layer of fees. We understand that the integration process has been seamless and, importantly, that the team have retained full autonomy over Portfolio management. As such, the portfolio remains allocated across the same three core strategies: External Managers, Direct Investments, and Special Investments.

Since the start of the trust’s financial year (01/10/2025), the allocation to Special Investments has been reduced. This is because the team have realised some of their investments following successful holding periods. Whilst potential new ideas are currently under review, the team retain high standards for capital allocation within this strategy, particularly given the availability of attractive opportunities in more liquid parts of the market. This includes, for example, Asian equities, where the team have introduced a new external manager, LIFE Korea Engagement Fund, an activist strategy targeting undervalued South Korean equities. Its co-CEO, Darren Kang, was one of the speakers at MAJE’s well-attended Investor Day on 02/06/2026, during which several managers presented their respective investment approaches to the audience. In addition, the team have taken advantage of the sell-off in software companies in early 2026 to increase exposure to this sector by adding to Praesidium Strategic Software, viewing the market correction as overdone.