About Us


Majedie Investments PLC seeks to deliver long-term capital growth at an attractive rate above inflation, while preserving shareholders’ capital.

Our portfolio is managed by Marylebone Partners LLP, an independent FCA regulated manager based in London and founded in 2013. Marylebone Partners' liquid-endowment approach targets strong and differentiated returns with equities at its heart.

Marylebone Partners’ defining feature is its ability to find eclectic, bottom-up opportunities, sourced through an ideas network built over more than three decades at leading firms. These investments rarely come onto the radar screen of other allocators and / or are not sufficiently scalable to be considered by some large institutional firms. Hence, the overlap between the Majedie portfolio and those of its peers should be low. An investment in Majedie Investments PLC can therefore complement other holdings in a long-term programme.

The approach is focused on the three main investment strategies: hard-to-access special investments, allocations to specialist external funds, and direct investments in public equities.


Majedie Investments PLC has a long and distinguished history, with its origins in family-owned rubber estates in Malaysia. One of the estates under its ownership was named Majedie. Over time, the business evolved to focus on financial investments, leading to its establishment as an investment company. On 1st October 1985, the company obtained investment trust status.

Whereas the investment approach has developed since 1910 to reflect a changing world and to pursue new opportunities, the core tenets of Majedie Investments PLC are the same. Now, as then, we seek to grow and preserve generational wealth through a progressive and responsible investment approach, whilst always putting shareholders’ interests first.


On 25th January 2023 Marylebone Partners LLP is appointed as investment manager to the Company.


On 1st April 2022 Liontrust acquires MAM.


On 7th December Liontrust Asset Management PLC announced that it had entered into an agreement to acquire MAM.


On 6th December, the Company redeemed the entire outstanding amount of its £13.5m 9.50% March 2020 debenture.


The Company becomes an FCA authorised & regulated self-managed AIFM, with Majedie Asset Management as its investment manager. (Majedie ceased to be FCA regulated with effect from 29 September 2023.)


Majedie Asset Management Limited launched as a specialist fund management company.


£25m raised through launch of 7.25% debenture 2025.


£15m raised through launch of 9.5% debenture 2020.


Investment trust status obtained.


Majedie (Johore) Rubber Estates Limited incorporated.

Board of directors

Christopher D Getley

Mr Getley was appointed as a Non Executive Director of Majedie on 1 July 2020 and became Chairman of the Board on 19 January 2022. He has over 25 years’ experience at senior level in financial services, specifically in fund management and investment banking. He was a Partner and Fund Manager at Cazenove & Co and a Director at Deutsche Asset Management. Subsequently, he was CEO of Westhouse Securities, an institutional stockbroker. In his current roles of Executive Chairman of AgPlus Diagnostics Limited and Non-Executive Chairman of Masawara PLC, he utilises his comprehensive knowledge of developing, implementing and communicating strategy. Mr Getley is Chairman of the Nomination and Management Engagement Committees and a member of the Remuneration and Audit Committees.

J William M Barlow

Mr Barlow was appointed Chief Executive Officer of Majedie from 1 April 2014 to 31 October 2023, before which he was a member and Chief Operating Officer at Javelin Capital LLP. Prior to Javelin Capital LLP, he was at Newedge Group (part of the Societe Generale Group). He joined Skandia Asset Management Limited as an equity portfolio manager in 1991 and was Managing Director of DnB Asset Management (UK) Limited in 2002. Mr Barlow was appointed a Non-Executive Director of the Company in July 1999 and was made an executive director in June 2011. He is Chairman of Racing Welfare and Chairman of Strategic Equity Capital PLC.

Jane M Lewis

Ms Lewis was appointed as a Non Executive Director of Majedie on 1 January 2019. She was, until 2013, a director of corporate finance and broking at Winterflood Investment Trusts. She is Chairman of Invesco Perpetual UK Smaller Companies Investment Trust PLC and Non Executive Director of CT UK Capital and Income Investment Trust PLC, JPMorgan Global Growth & Income PLC and BlackRock World Mining Trust PLC. Ms Lewis is Chairman of the Remuneration Committee and a member of the Management Engagement, Nomination and Audit Committees.

A Mark J Little

Mr Little was appointed as a Non Executive Director of Majedie on 23 May 2019. He has an extensive knowledge of the investment industry, having previously served as the Managing Director of Barclays Wealth Scotland and Northern Ireland. Prior to this role he was Global Head of Automotive Research at Deutsche Bank having previously qualified as a Chartered Accountant with Price Waterhouse. He is currently a Non Executive Director of Securities Trust of Scotland and Blackrock Smaller Companies Trust Plc, where he chairs the audit committees, and abrdn Equity Income Trust PLC. He also acts as a consultant to Lindsays LLP and North Capital Wealth Management. Mr Little is Chairman of the Audit Committee and a member of the Remuneration, Management Engagement and Nomination Committees.

Richard W Killingbeck

Mr Killingbeck was appointed as a Non Executive Director of Majedie on 1 July 2020. He has over 35 years’ experience in the financial services sector, initially as a fund manager and latterly in a number of senior management roles within the wealth management sector. He was previously Chief Executive officer of WH Ireland PLC and is currently Managing Director of Harris Allday, a division of EFG Private Bank. He retired as the Non-Executive Chairman of Bankers Investment Trust PLC in 2019 and is currently a trustee of the London Stock Exchange Benevolent Fund. Mr Killingbeck is a member of the Remuneration, Audit, Management Engagement and Nomination Committees.

Marylebone Partners LLP

In January 2023, the Company appointed Marylebone Partners LLP as its investment manager and moved to a ‘liquid endowment’ investment policy.

Marylebone Partners LLP is an independently owned FCA-regulated AIFM, founded in 2013 and owned by its principals. Its sole purpose is to preserve and grow the wealth of its clients. The firm manages the wealth of endowments, families, charities and individuals, including many successful investment professionals. Its team has decades of experience and has previously managed capital successfully within the investment company structure. For more information on Marylebone Partners’ team, philosophy and approach, please click here: www.marylebonepartners.com.

Majedie Investments PLC became a partner of Marylebone Partners LLP on 25 January 2023, entitling it to a 7.5% share of residual profits and capital, at no cost.

Corporate Governance

The directors are mindful of the importance of corporate governance matters. The following statement sets out in detail how the Company addresses the requirements of the AIC and UK Corporate Governance Code.

Corporate Governance Information

The four Board Committees form an important part of the Company’s corporate governance structure. The relevant terms of reference for each committee are provided below, as well as the roles and responsibilities of the Chairman and Senior Independent Director:

Roles and Responsibilities of the Chairman and Senior Independent Director

Audit Committee

Remuneration Committee

Nomination Committee

Management Engagement Committee

​Each year the annual report contains information on Corporate Governance which deals with issues similar to those covered in the above Corporate Governance Statement, including details of any specific issues relevant to the year in question.

Directors’ Remuneration Policy:
In accordance with the requirements of Schedule 8 of the Large and Medium Sized Companies and Groups (Accounts and Reports) (Amendment) Regulations 2013, as amended, the Company’s approved directors’ remuneration policy is shown below. This was approved by shareholders at the Company’s Annual General Meeting on 17January 2024 and it is proposed it will remain in force until the Annual General Meeting in 2027 at which time a further resolution will be proposed. Any changes prior to that date are required to be approved by shareholders by ordinary resolution.

Directors’ Remuneration Policy​

Important Legal Information

This information is important. Please read it carefully and by continuing to use the site you agree to the terms as set out and have had notice of the disclosures and warnings.


1.1 This legal information should be construed in accordance with English law. It can be accessed throughout the Site by clicking on the ‘Important Legal Information’ link on each page. It provides access to important information about the purpose and status of the information being provided. This includes details of legal and regulatory disclosures and warnings that are designed to inform and protect investors and potential investors.

1.2 This Site provides information about the Company and its associated companies or subsidiaries (if any).

1.3 An application for any investment or service referred to on this Site may only be made on the basis of the relevant document, or other applicable terms relating to the specific investment or service.

1.4 An application for any investment or service referred to on this Site may only be made on the basis of the relevant document, or other applicable terms relating to the specific investment or service.

1.5 The Company confirms that it currently conducts its affairs so that its shares can be recommended by independent financial advisers to retail private investors in accordance with the Financial Conduct Authority's ("FCA") rules in relation to non-mainstream investment products and intends to continue to do so for the foreseeable future. The shares are excluded from the FCA's restrictions which apply to non-mainstream investment products because they are shares in a UK-listed investment trust.

1.6 By proceeding you agree to the terms set out below and have had notice of the disclosures and warnings.


2.1 The contents of the Site have been issued and approved by Marylebone Partners LLP, which is regulated in the United Kingdom by the Financial Conduct Authority (FCA).

2.2 Majedie Investments PLC (the Company) believes that the information contained on this Site is accurate at the date of publication, but accepts no liability for inaccuracy. It may be changed without prior notice. The information on this Site is approved for issue by the Company.


3.1 The Site provides information about the Company but does not constitute investment advice. An investment in the Company may not be suitable for all investors and if you are unclear about any of the information on this Site, please contact an independent financial adviser before making any investment or financial decision.

3.2 The information contained in this Site does not constitute an offer to buy or sell shares in the Company, nor is the information directed at any jurisdiction in which such offer, sale or recommendation is not authorised. This Site is not directed to any person in any jurisdiction where (by reason of that person's nationality, residence or otherwise) the publication or availability of this Site is prohibited. Persons in respect of whom such prohibitions apply must not access this Site. In particular, this Site is reserved exclusively for non-US Persons and should not be accessed by any person in the United States. The information herein is not for distribution to and does not constitute an offer to sell or the solicitation of any offer to buy any securities in the United States of America to or for the benefit of United States persons.


4.1 Before investing into shares in the Company you are required to have been provided with certain disclosures as required under legislation. These are the Key Information Document which can be accessed here, and the Investor Disclosure Document which can be accessed here. By proceeding and continuing to use the site you agree that you have seen the disclosures.


5.1 The value of shares and any income from them can go down as well as up and you may not get back all that you have invested. Please be advised that any return estimates or indications of past performance on this Site are for information purposes and can in no way be construed as a guarantee of future performance.

5.2 The price of the shares in investment trusts is determined by supply and demand and is therefore not necessarily the same as the value of the underlying assets.

5.3 In a building society or bank account your money is secure, whereas in a stockmarket-based investment it is exposed to a degree of risk.

5.4 Changes in currency rates of exchange may have an adverse effect on the value of or income from the Company’s shares.

5.5 Levels and bases of taxation are subject to change and will depend on your personal circumstances. You should consult your own professional advisers on the tax implications of making an investment in, holding or disposing of any of the Company’s shares, and on the receipt of dividends. In particular, ISAs are subject to government legislation and as such their tax benefits may be changed in the future.


These exclusions do not restrict any duty on which the Company may have by any applicable law or regulation.

6.1 Accuracy of information: The Company believes that the information contained in documents which may be viewed on this Site is accurate as at the date of publication of such documents and where a particular page of this Site is dated, the information on such page is believed to be accurate as at such date; however no warranty is made to the accuracy, suitability or completeness of any such information. The Company hereby excludes and liability for loss (direct or consequential) arising from the use of any part of this Site.

6.2 Financial Statements: The financial statements published on this Site are believed to be accurate as at the date they are first presented on the Site. The work carried out by the auditors does not involve consideration of the maintenance and integrity of this Site and, accordingly, neither The Company nor the auditors accept responsibility for any changes that may have occurred to The Company or its financial statements since the financial statements were first presented on the Site.

6.3 Data Transmission: We shall not have any liability for any data transmission errors such as data loss or damage or alteration of any kind, including, but not limited to, any direct, indirect or consequential damage, arising out of the use of the services provided herein.

6.4 Site Non-Availability: We will try to keep this Site operational at all times. However, we cannot guarantee that this Site or any of the various features upon it will always be available. We will not be liable for any direct, indirect or consequential loss arising from this Site, or any part of it, being unavailable or non operational for any reason.

6.5 Third Party Material & Links to Other Sites: The Site may contain or be linked to advice or statements of third parties. We make no representation as to the accuracy, completeness, timeliness or suitability of such information, and we have not and will not review or update such information and caution you that any use made of such information is at your own risk.

6.6 Email Security: Messages that you send to us by e-mail may not be secure. We recommend that you do not send any confidential information to us by e-mail. If you choose to send any confidential information to us via e-mail you do so at your own risk with the knowledge that a third party may intercept this information and we do not accept any responsibility for the security or integrity of such information.


7.1 All copyright, patent, intellectual and other property in the information contained in this Site is held by The Company.

7.2 No rights of any kind are licensed or assigned or shall otherwise pass to persons accessing this information.

7.3 You may download or print copies of the reports or information contained within this Site for your own private non-commercial use only, provided that you do not change any copyright, trade mark or other proprietary notices; all other copying, reproducing, transmitting, distributing or displaying of material on this Site (by any means and in whole or in part) is prohibited.


8.1 Scope: We take the privacy of our users seriously. We are committed to safeguarding the privacy of our users while providing a personalised service. The Privacy Policy explains our data processing practices and information on how the Company collects and processes your personal data as a controller of the data supplied by shareholders and potential investors through the use of this website. The Privacy Policy is set out on the website. Use of Information: We will treat your personal details as confidential. No information will be passed to another party other than where you have indicated your consent to the passing of your data for customer administration and/or marketing purposes or unless we are legally obliged to do so.

8.2 The Data Protection Laws require that information held by us is kept up to date and held for no longer than is necessary. To this end, we ask that any changes to your circumstances be notified to us at the earliest opportunity. We may retain records of your information for a time after providing any services to enable us to resolve any subsequent queries and to comply with legislative requirements.

8.3 Please click here to view our privacy policy.