Neptune Africa manager McKeaveney exits amid fund mergers

China and Africa funds to be merged away

Natalie Kenway
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Neptune Africa manager McKeaveney exits amid fund mergers

Neptune Investment Management is to merge away its Greater China Income and Africa vehicles and close its South East Asia fund as the group continues to re-focus the fund range for a post-RDR world.

The asset manager is merging its £9.2m Neptune Africa fund into the £7m Emerging Markets fund, run by Ewan Thompson, and said Africa fund manager Shelley McKeaveney has left the firm.   It said this merger will allow investors to be potentially better served by following an EM strategy which retains the option to invest opportunistically in Africa. Also, the £5.6m Greater China Income fund, run by Douglas Turnbull, will become part of the £4.1m Global Income fund, managed by George Boyd-Bowman. Turnbull will remain at the firm in his role as head of Chinese equities and manager of ...

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