Neptune replaces UK Opps manager with mid-cap star Martin

Neptune is replacing the outgoing manager of the £66m UK Opportunities fund with its head of UK equities Mark Martin as it continues to restructure its fund range.

Scott MacLennan has been running the UK Opportunities fund since April 2013 but is now leaving the business. The manager switch will result in a number of changes on the fund, including a reduction in the number of stocks to between 30 and 35, with a focus on Martin's best ideas. There will significant overlap with his top-performing £401m UK Mid Cap fund, but with the addition of more large-cap names. This is the first opportunity for investors to own Martin's stock selection of larger names as, although he is head of UK equities at the group, he has not run a multi-cap strategy befo...