North AmericaJul 11 2017

Ex-Neptune manager Wintle launches US fund

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Ex-Neptune manager Wintle launches US fund

Felix Wintle, the former head of US Equities at Neptune Investment Management, is launching an active North American fund.

Mr Wintle says the fund, run by new boutique asset manager Tyndall, aims to capitalise on the opportunities presented by the US economy entering a new interest rate cycle.

“As the Federal Reserve continues to raise rates, and with growth continuing to surprise to the upside, I believe that investors will see a much greater dispersion of returns compared to the last several years.” Mr Wintle said.

“This means that passive strategies will no longer be the best way to get exposure to the US market.”

The fund is overweight in technology, financials, consumer discretionary, industrials, materials and healthcare, and the VT Tyndall North American fund offers both hedged and unhedged share classes.

Sebastian Van Mook, financial adviser from Abacus Associates in Shrewsbury, said that he was bullish in North America and was pulling back from the UK to put his client’s money into actively managed American funds.

He said: “I don’t know much about this one, but the US is steaming ahead at the moment. The only gains we’ve seen in the UK have been currency led, whereas there is real growth in the US.”

Commenting on the launch of the new fund, Darius McDermott, chief executive of Chelsea Financial Services, said: “We are really pleased to see Felix back managing money. He adopts a different approach from the majority of managers and we will be watching his progress.

"Our clients have invested with him in the past not least due to the diversification his fund added to their US exposure.”

Richard Romer-Lee, managing director of Square Mile Research, said “With so many assets concentrated in passives, it is refreshing to see a new active fund on the market.

"Many investors have a core passive exposure in their US portfolios, but adding some active funds around that core position is something that investors are increasingly doing, and in Felix, they have a manager that has plenty of experience in his field.” 

rosie.murray-west@ft.com