Neptune Investment Management has closed a further two vehicles in its range, leading to the exit of fund manager Ian Sealey.
The group, run by founder and CEO Robin Geffen (pictured), has decided to close its Cautious Managed and Defensive Managed funds, which had £846,500 and £163,800 assets under management, respectively. A statement from the group said: "Following a review, the Neptune Cautious Managed and the Neptune Defensive Managed funds will be closed. "Despite a strong track record under fund manager Ian Sealey, these funds remained sub-scale. Ian Sealey leaves Neptune with our best wishes and by mutual consent. Ian left the company on 31 December 2015." Both funds sit in the top quartile of the...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
