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Neptune denies Russian fund closure

Neptune has denied reports that it is set to close its £200m Russia and Greater Russia fund to new business.

The fund, which is managed by Neptune founder Robin Geffen, has been a revelation since launch coming first in the IMA specialist sector over three years, returning 250.80 per cent in that time.

The group says that all single country funds do have capacity constraints, however in Russia’s case it is by no means a pending issue, while IPOs and new company listings are likely to further liquidity for the fund.

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