View more on these topics

Neptune’s Wintle steps down from Latin America fund

Neptune head of US equities Felix Wintle has stepped down from the firm’s Latin America fund.

Thomas Smith was appointed as a co-manager on the £35m Neptune Latin America fund in August last year. Wintle stepped down from the mandate on January 1, leaving Smith to be sole manager of the fund.

This will leave Wintle to manage the £469m Neptune US opportunities fund and the £6m Neptune US max alpha. Smith is also assistant manager on the £35m Neptune emerging markets fund and responsible for global sector research on the chemicals and utilities sectors.

A Neptune spokesman says: “Having been co-manager of the Neptune Latin America fund since July 1, 2011, the board of directors has appointed Thomas Smith as sole manager of the fund, with Felix Wintle no longer sharing the management duties.”

The Neptune Latin America fund has returned 65.7 per cent over three years to April 19, compare to an average return of 44.1 per cent for the specialist sector, according to Trustnet.

The Neptune US opportunities fund has returned 28.3 per cent over three years to April 19, compared to an average return of 50.5 per cent for the North America sector, according to Trustnet.


Investec launches diversified growth fund ahead of RDR

Investec has launched a diversified growth fund, managed by Philip Saunders, as part of its creation of a new range of risk-rated funds ahead of the RDR. The Investec managed solutions range is made up of four funds. Alongside the newly launched Investec diversified growth fund sits Alastair Mundy’s £2.2 billion cautious managed fund, and […]

Swip to restructure sales team roles

Scottish Widows Investment Partnership has told five of its 14-strong investment sales team to reapply for their positions as part of a restructure. The firm last week announced it would be cutting 23 out of 38 roles in its equity investment team as part of a move to ‘lower-risk’ investment strategies. Five members of the […]

Aviva Investors chief exec to step down

Aviva Investors chief executive Alain Dromer is leaving the company as part of a wider global restructure of the Aviva business. Aviva says its will recruiting a successor to Dromer (pictured) who will report to Aviva group chief finance officer Pat Regan. Regan will continue in his role as chief finance officer and will assume […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment