Neptune

River and Mercantile has expanded its wholesale distribution team with the hire of Neptune's Tom de Lisle .

Ryan Hughes is planning to increase exposure to Europe in the Apollo multi-asset portfolios in one of his first asset allocation moves since joining the firm.

INDIA

COMMENT

Multi-asset investors are returning to Chinese equities, as fears of a ‘hard landing' subside and the local economy shows signs of improvement.

Every fund experiences periods of underperformance from time to time, but which out of favour fund managers could be about to turn things around?

Wrap platform Standard Life has revealed the names of the first seven fund groups who have offered it preferential ‘super clean' share class deals, with a further four to be announced in the coming weeks.

Chelsea Financial Services (CFS) has highlighted ten funds which have consistently underperformed peers over the last three years, suggesting investors in these funds should rethink their allocations.

Neptune's profits before tax fell nearly 40% in 2012, with assets under management down 7.5%, after what the group called an "extremely difficult year for equity investors".

Wealth managers are becoming increasingly concerned about allocating towards the Neptune Income fund, amid Hargreaves Lansdown's decision to remove the fund from its Wealth 150 list earlier this week.