Assets pass 4bn point at Neptune
NEPTUNE Investment Management, the boutique founded by star fund manager Robin Geffen, has defied the downturn and passed the landmark of £4bn of assets under management.
The company, which Geffen launched in 2002 with just £25m in investments, said it had been growing its assets apace despite the financial crisis.
Much of the stellar asset growth is thanks to a raft of new overseas customers, the group said.
And its nine funds, which tend to appeal mainly to private clients, have also benefited after institutions like pension funds started to invest with the firm for the first time.
Strong rates of growth across the group’s fund range have also boosted the overall levels of assets, with 18 of Neptune’s 25 funds holding a position in the top quarter since they launched.
Richard Green, deputy managing director of the firm, said: “We now have nine funds with over £50m in assets, managed by five Neptune fund managers, reinforcing the depth and breadth of our business and product range.”
But the group is resisting complacency and is looking for more ways to widen its customer base, Green added.