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Neptune "Soft Opens" Five New Funds
wombat42_2
Posts: 1,312 Forumite
http://www.citywire.co.uk/News/NewsArticle.aspx?VersionID=101030&MenuKey=News.Funds
They seem to be starting a new fund every five minutes. That Robin Geffen seems a glutten for hard work. Interesting idea to "soft open" funds. It sounds like they are given a 12 month bedding in period to test their worth. One of the new funds is the enigmatic sounding "Global Max Alpha fund". The existing Global Alpha fund consists of about 30 companies at about 3% each so maybe the Global Max Alpha fund consists of something like 10 companies at 10% each - seems odd as the Global Alpha fund has been a relative failure in comparison to the Neptune Global Equity fund.
Apparently Neptune even have a "soft closing" concept. Once a fund gets big enough, instead of stopping new investors they just bump up the AMC to deter new investors.
They seem to be starting a new fund every five minutes. That Robin Geffen seems a glutten for hard work. Interesting idea to "soft open" funds. It sounds like they are given a 12 month bedding in period to test their worth. One of the new funds is the enigmatic sounding "Global Max Alpha fund". The existing Global Alpha fund consists of about 30 companies at about 3% each so maybe the Global Max Alpha fund consists of something like 10 companies at 10% each - seems odd as the Global Alpha fund has been a relative failure in comparison to the Neptune Global Equity fund.
Apparently Neptune even have a "soft closing" concept. Once a fund gets big enough, instead of stopping new investors they just bump up the AMC to deter new investors.
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