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Neptune boutique to white-label for IFAs

Neptune’s new multi-mana- ger boutique is to be called North Investment Partners and will be available for IFAs to white-label.

North will be based in Leadenhall Street in the City of London and will be led by former Henderson head of multi-manager John Husselbee.

Husselbee says multi-manager is an investment principle that can be applied in a number of ways, with the id a of providing choice and diversification at its heart.

North will work with IFA firms, smaller asset management companies and life companies looking to offer their own version of the multi-manager concept to clients under their own brand. It is designed to be a non-conflicting brand behind the distribution brand of the client and will let clients drive the product design and service of their own multi-manager products. The firm already holds the fund selection contract for Neptune’s retail multi-manager funds from their acquisition of the assets of Quilter Fund Management.

North will have access to Neptune’s resources including its investment management team and the asset allocation skills of Neptune chief exe- cutive Robin Geffen. The Geffen/Husselbee relationship has produced top-decile performance for the Quilter glo- bal growth and Quilter glo- bal income funds over the last year during which Neptune has been responsible for their management.

Husselbee is a pioneer of the multi-manager approach, having spent more than 15 years in the UK retail market, building multi-manager operations at Rothschild and Henderson.

Husselbee says: “This is a real chance to build my own business and I am very excited. Robin and I have built a strong working relationship over the past year and I am happy that this will continue. We both share a vision of the potential for multi-manager and are now looking for distribu- tion partners.”

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