Lester to leave Neptune

The fund management group Neptune said yesterday that one of its partners, John Lester, had left the firm with immediate effect. Lester is setting up a new investment boutique with two members of his team.

Richard Green, deputy managing director at Neptune Investment Management said: “With Neptune’s tenth anniversary imminent and nearly £7bn under management, we are moving to the next stage of our business development, building on but also consolidating our earlier rapid growth. Since entrepreneurial spirit remains integral to our culture at Neptune, I accept that there will be occasions when those involved in Neptune’s earlier successes, should aspire to try and achieve it again elsewhere, at a more senior level. We wish them well.”