Assets pass 4bn point at Neptune

NEPTUNE Investment Management, the boutique founded by star fund manager Robin Geffen, has defied the downturn and passed the landmark of &pound;4bn of assets under management. <br /><br />The company, which Geffen launched in 2002 with just &pound;25m in investments, said it had been growing its assets apace despite the financial crisis.<br /><br />Much of the stellar asset growth is thanks to a raft of new overseas customers, the group said.<br /><br />And its nine funds, which tend to appeal mainly to private clients, have also benefited after institutions like pension funds started to invest with the firm for the first time. <br /><br />Strong rates of growth across the group&rsquo;s fund range have also boosted the overall levels of assets, with 18 of Neptune&rsquo;s 25 funds holding a position in the top quarter since they launched.<br /><br />Richard Green, deputy managing director of the firm, said: &ldquo;We now have nine funds with over &pound;50m in assets, managed by five Neptune fund managers, reinforcing the depth and breadth of our business and product range.&rdquo;<br /><br />But the group is resisting complacency and is looking for more ways to widen its customer base, Green added.