Wintle leaves Neptune amid US restructure

Wintle leaves Neptune amid US restructure

Neptune’s US equities head Felix Wintle, manager of the company’s Neptune US Opportunites fund, has left the firm amid a restructure of its fund range.

As part of changes James Hackman, manager of the firm’s US Income fund, has become lead manager of Mr Wintle’s portfolio and head of US equities.

Patrick Close becomes co-manager while Ali Unwin, manager of the Neptune Global Technology fund, has been named deputy fund manager.

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Mr Close will also manage a forthcoming US Mid-Cap fund, the asset manager said. Both this and Mr Wintle’s fund will now use the “quality compounders” stock screen already employed by Mr Hackman.

Mr Wintle had worked at Neptune since 2004. His £307m US Opps fund has underperformed over the past three years, dragging down longer-term returns.

The fund has made 53 per cent over the five years to May 25 compared with an average of 71 per cent for the IA North America sector, according to FE Analytics.

Meanwhile Neptune has appointed Robin Milway, who most recently served as head of equity research at EFG Asset Management, as head of stock strategy and investment director.

Mr Milway will join in August and is set to run a new European fund. Neptune said the launch will complement Rob Burnett’s European Opportunities portfoilo.