The firm’s usual process is to soft-launch a fund for around a year before taking it to a wider audience and the company has today confirmed that 15 December will be day one of a soft launch for the Neptune China Max Alpha Fund.
Geffen, along with his fellow joint managers Douglas Turnbull (the two also run the £82m Neptune China Fund) and Adam Kelly will seek out capital growth by investing in a highly concentrated portfolio of 20 to 30 stocks. These securities will be issued by Chinese companies or by companies “transacting a significant proportion of their business” in China.
The existing China Fund is heavily weighted to consumer discretionary (29.5%), consumer staples (14.3%), IT (13.1%) and energy (11.7%).
Other similar funds include the European, Global, Japan and US Max Alpha Funds, a range typified, according to Richard Green, managing director at Neptune IM, by more concentrated stock holdings and multi-cap portfolios.
