Neptune US manager exits four months after promotion

Corporate-Finance-Business-Businessmen-Hire-Appointment-700x450.jpgNeptune’s James Hackman has left the firm to pursue other opportunities mere months after he was appointed lead manager on the Neptune US Opportunities fund and head of US equities.

Robin Milway, who joined Neptune earlier this year as head of stock strategy, has been appointed lead manager of the US Opportunities fund, alongside Pat Close and Ali Unwin. The fund’s investment process will remain the same.

Hackman had been appointed to lead the fund in May.

The Neptune US Income, which Hackman also managed, will now be run by George Boyd-Bowman, who was appointed assistant manager of the fund earlier this year.

Boyd-Bowman also runs the Neptune Global Income fund, which launched in December 2012. As a result of Hackman’s departure, CEO Robin Geffen will step in as co-manager of the Neptune Global Income fund, to allow Boyd-Bowman to focus on the US element of the fund.

A spokesperson for Neptune says: “While we are disappointed that James Hackman has decided to pursue opportunities elsewhere, George Boyd-Bowman has established experience running dividend-growth focused mandates.

“As a manager of a global equity income fund George knows the US income market very well. A member of the team for over six years, George is a big talent and we have every faith he will carry on the good work James has done since taking over the fund in June 2014.”