Neptune closes four funds due to lack of demand

Neptune Investment Management has closed four funds including three in its Max Alpha product range.

The Neptune European Max Alpha, Japan Max Alpha, US Max Alpha, and the Green Planet fund were closed this week.  Neptune said the small size of the funds meant they were no longer economical to run, despite the US Max Alpha fund posting strong performance recently. Felix Wintle (pictured)'s fund was among the top ten best performing funds in the first quarter, and ranks in the top quartile of the IMA North America sector over the three years to 28 March, according to Morningstar. Neptune head of European equities Rob Burnett managed the Europe fund, while Chris Taylor managed the J...