Neptune Restructures Fund Offering

Neptune is closing 40% of funds and radically overhauling its management process to fix ailing performance

Emma Wall 2 February, 2015 | 9:02AM
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Neptune Asset Management is closing up to 40% of its funds and introducing a new investment process in a bid to turn the fractured offering around. The group had come under criticism for ailing performance and a large volume of fund launches run by managers with little market experience.

Founder Robin Geffen has today announced new strategy plans for the group, which include closing a slew of funds and hiring a team of new analysts who will directly assist fund managers. These lead sector analysts will run model portfolios based on their stock recommendations which will then be measured against an industry benchmark.

Addressing past concerns about inexperienced managers, new hires will be required to have already completed their investment management qualifications and have analyst experience. There has also been investment in a new risk management system.

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Emma Wall  is former Senior International Editor for Morningstar