Neptune has seen another manager leave its US equity team as Robin Milway departs after just 10 months with the firm.
Mr Milway, who follows James Hackman and Felix Wintle out the door at the fund boutique, will be replaced as lead manager on the £274m US Opportunities fund by tech fund manager Alistair Unwin.
The former EFG Asset Management equity research head joined Neptune last August, originally to run a European equity portfolio. The hire was announced at the same time as US equity head Mr Wintle's departure.
Mr Hackman then took over the US equities team but left four months later, leaving Mr Milway to be made manager of the US Opps fund.
Hie replacement, Mr Unwin, is lead manager on the firm's £10m Global Technology fund and has been supporting the US Opportunities team since 2014. He joins Patrick Close, who retains his position as co-manager.
There have been no changes to Neptune's US Mid Cap and US Income funds, which continue to be run by Mr Close and George Boyd-Bowman respectively.
Neptune chief executive Robin Geffen said Mr Unwin's promotion demonstrated the firm's belief that technology stocks will drive returns in the future.
The departure of Mr Milway leaves a relatively inexperienced team in charge of its US equity franchise. Mr Unwin began running his tech fund in 2015, with Mr Close joining US Opps as co-manager in 2016. Income manager Mr Boyd-Bowman has run the firm's Global Income product since 2012.
Mr Geffen added: "The other key ingredient of our success in running our suite of US funds has been the proprietary research of our chief economist and chief investment officer James Dowey, which has given us a considerable edge in the US market.”
