Neptune to launch unhedged version of £550m Japan Opps fund

Neptune Investment Management is set to launch a second Japanese equity fund, allowing discretionary investors access to manager Chris Taylor without a portfolio-wide currency hedge.

Taylor (pictured) has run the £550m Neptune Japan Opportunities fund for the past 12 years and has been hedging exposure from yen back into sterling since as far back as 2009. However, due to client demand, the group is to launch a mirror fund that will have hedged and unhedged share classes, in sterling, US dollars and euros, to allow discretionary investors to manage their own currency exposure. The Neptune Japan Institutional fund will launch later this year, subject to FCA approval. Robin Geffen, CEO of Neptune, said: "Following feedback from the institutional market, we intend...