Philip Matthews has turned over almost half the holdings in the Schroder UK Alpha Plus fund since taking over the fund from Richard Buxton in October, Investment Week can reveal.
Neptune's Chris Taylor has predicted ten-fold growth in the Japanese market in the coming years, as the government is forced to push through reforms to avoid bankruptcy by 2020.
After a year of stellar returns from Japan, investors are concerned the Japanese equity funds that beat competitors in 2013 will not be able to deliver again this year.
Neptune plans to close two income portfolios and will remove income share classes on several other funds at the end of next month.
Neptune has shut Robin Geffen's Global Long/Short fund after just two years after co-manager Ted Alexander exited the firm.