Neptune hires from EFGAM for European fund launch

EU-Europe-Flags-Euro-700x450.jpgNeptune Investment Management has hired a new head of stock strategy from EFG Asset Management, for its new European fund launch.

Robin Milway comes from his role as head of equity research at EFGAM, where he is also co-manager of the New Capital Dynamic European fund.

Neptune has also announced a reshuffle of its US equity team, which sees manager Felix Wintle leave the firm.

Neptune plans to launch a European equity fund later this year, with chief executive Robin Geffen saying it will complement the existing European Opportunities fund, run by Rob Burnett.

He adds: “We expect both funds to offer highly distinct propositions to the market place.”

When Milway joins Neptune in August he will also become investment director and will report to Geffen.

Geffen adds: “Over the past several years Neptune has invested in experienced professionals with proven industry experience and rigorous financial training. Today’s appointment reaffirms Neptune’s commitment to independent research, based on rigorous analysis of global sectors, macroeconomics and individual companies as we seek outperformance in the years ahead.”

The $88.92m Dynamic European fund, which Milway runs with Bibiana Carretero, has delivered a 5.09 per cent loss over the year to the end of April, compared to the 12.05 per cent loss of the MSCI Europe index.

Most recently, Neptune launched a global technology fund, which will be run by Alastair Unwin with Alex Portz as assistant manager.