Neptune’s fund manager exits amid US range restructuring

Fund manager Felix Wintle has departed Neptune Investment Management, as the firm has restructured its US equities fund range and plans to launch a mid-cap fund.

James Hackman has replaced Wintle, becoming lead manager of the US Opportunities fund and being promoted to head of US Equities.

Meanwhile, Patrick Close has become co-manager and Ali Unwin has been named deputy manager on the fund previously managed by Wintle.

Neptune has also announced that its US fund range will be managed using the CompoundEdge investment philosophy, developed over the past three years by Hackman and Close.

The CompoundEdge philosophy, which uses the proprietary Quality Composite Score screening tool, will be applied to Neptune’s new US Mid Cap fund, which will be launched this year, subject to regulatory approval.

Close, who has been running a US Mid Cap model portfolio since July 2014, will be lead manager of this fund, with Hackman as assistant manager.

Since inception in July 2014, the model portfolio has returned 33.36% compared to the S&P 1000 index gain of 22.45%, the group said.

The Neptune US Mid Cap fund will seek to generate capital growth by investing predominantly in a concentrated portfolio of between 30-60 US securities, with target market capitalisations of $0.5-$10bn. The proposed fund will have at least 60% of the total portfolio invested in US mid-cap stocks and sit in the IA North American sector, benchmarked against the S&P 1000.

“The goal of outperforming the S&P 500 is a challenging one and requires consistent and accurate application of process to achieve it,” Neptune’s founder and chief executive Robin Geffen said.

“Over the past three years James and Patrick have put in hundreds of hours to arrive at what I believe to be a truly robust approach fit for the challenging markets of the next decade. I believe it will enable them to capture the long-term outperformance generated by high-quality companies in the United States at the right price. James’s background as an accountant and Patrick’s as an engineer complement each other perfectly,” Geffen said.


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