Neptune has closed its Global Long/Short Sector fund following the departure of co-manager Ted Alexander.
Alexander ran the fund alongside Robin Geffen (pictured), taking responsibility for its strategic asset allocation and execution. He has now left Neptune to return to academia, and the fund has since been wound down.
The Neptune Global Long/Short Sector fund launched in 2011 to reflect the firm’s in-house research, investing in or shorting sectors rather than individual companies.
Over the year to the end of November 2013, the fund returned 20.5% compared with 22.7% from the FTSE World index.