Ex-Neptune China manager joins Invesco Perpetual

Ex-Neptune China manager joins Invesco Perpetual

Former Neptune China manager Douglas Turnbull is to join Invesco Perpetual's emerging market equities team later this year.

Mr Turnbull, who left Neptune in May, will join Invesco Perpetual in September. 

Dean Newman, Invesco Perpetual's head of emerging market equities, said: “I’m extremely pleased that Doug is joining our team and look forward to him applying the experience he has gained in Asia to the wider world of emerging markets.

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"His arrival reinforces our strategy to further develop our emerging markets franchise to support this growing area of interest for our clients.”

Mr Turnbull worked on Neptune's China fund from 2009 until his departure. However, in the three years to his departure, the fund had underperformed the IA China/Greater China sector average, returning 49 per cent versus 59 per cent.

He was one of a spate of departures from the boutique equity house in recent months, including star US managers Felix WintleJames Hackman and Robin Milway.