Neptune completes fund range restructure with pair of closures

Neptune has closed a further two productsin its range, bringing to an end a period of significant fund consolidation and restructuring for the firm.

Rob Burnett's European Income fund and Ewan Thompson's Frontier Emerging Markets fund were shut on 17 April, following FCA approval, after failing to attract significant assets. Charlie Parker, head of strategy at Neptune, told Investment Week: "This is us finishing the consolidation work we were doing. We have taken an objective look across the whole range and have decided to focus on what we can grow and have conviction in over the long term." The latest closures follow the shutting of several portfolios, including the Russian Special Situations and China Special Situations funds, a...