Bank of New York (BNY) Mellon Asset Management has removed Neiloy Ghosh as manager of the Newton Japan fund after a period of underperformance.
The fund returned a loss of 25.5% over the past year, compared with the Japan sector average fall of 16.7%, according to Financial Express.
The group says it is in talks with Ghosh about his future. He has run the Newton Japan vehicle since January 2006.
Meanwhile, Ewan Markson-Brown has taken over the management of the fund. He has worked at BNY Mellon since 2006 as a member of the Asia Pacific team reporting to Jason Pidcock.
Paul Markham will continue in his role as alternate manager on the fund.