Will Neptune's 'reboot' help turn its fortunes around?

Last week, Neptune announced an overhaul of its research and business operations following disappointing fund performance in recent years.

Having focused on internal, sector-specific research since its inception, the firm is attempting to 'reboot' its offering by hiring more senior analysts and abolishing the 'hold' rating for stocks, among other changes. The fund house is also reducing the number of funds it offers to investors, closing underperforming portfolios which have failed to reach critical mass. It follows a period in which some of the firm's largest funds have struggled. Rob Burnett's flagship £580m European Opportunities fund has returned 35% over three years against a sector average of 46%, placing it 92nd o...