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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.


Origo launches delayed extranet award scheme

Zurich and Prudential have been unveiled as the first recipients of an award scheme set up to improve registration processes on provider extranets. Last week Money Marketing revealed the Unipass Easy Access award programme had been delayed due to a lack of audits and the downgrading of the award structure from three levels to a […]

An empty manifesto

Whenever you hear a politician defending a proposal that has come under heavy fire, one of the most common responses is to point out that it is not only unpopular with the opposition but with the so-called extremists on his or her own side too.

Field wants 10% tax on 150k-plus

Labour MP Frank Field is urging the Government to consider a 10 per cent additional tax on people earning over 150,000, which could be wholly offset by giving money to charity, in a bid to enrich civil society and redevelop a “giving culture”.

Wave pulls near-prime and tightens criteria

Wave has withdrawn its nearprime plus range and increased its minimum age to 21 across all products.In an email to brokers, the lender also says it will no longer offer buy-to-let mortgages to first-time buyers.Director of distribution and sales Mehrdad Yousefi says that the tightening of criteria is a “housekeeping exercise”.Yousefi says the firm has […]


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