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.