Ghosh looks to reinvigorate Japanese portfolio

Newton Japan has been overhauled with manager Neiloy Ghosh stripping away 60% of underperforming stocks

Neiloy Ghosh took over management of the Newton Japan portfolio from Miki Sugimoto in February. Since then he has turned performance around, leading it to outperform its peers over the past three months. The fund, which is ranked 37 out of a possible 61, returned 2.1% on a bid to bid basis against the Japan sector mean of 1.9%, over the period to 16 October, according to figures from S&P. Ghosh joined from SG Asset Management where he had been lead manager on the SG Japan fund since July 2003. As a member of the global equity team, Ghosh led the house on Japanese equities and asset alloc...