Neptune Investment Management has appointed three people to its analysts team, which recently introduced ‘global sector model portfolios’ to give its fund managers a better view of investments.
Rupert Galway-Cooper, Ruth Chambers and Sam Kelly will undertake research on the consumer, oil and gas and industrials sectors, respectively.
The firm’s research team is organised by global sectors but the global sector model portfolios were introduced, Neptune says, to provide fund managers with a real-time view on each sector and the key companies within them.
This remodeling of the firm’s structure was done in a bid to arrest a slide in profits and assets under management. Neptune’s pre-tax profits fell by 42% in 2013 to £7.4 million (€10.1 million), following on from a 40% decline the year before.
Assets under management also fell by 7.8% to £5.4 billion in 2013, and have since fallen further to £4.8 billion leading to the closure of a third of its funds.
Galway-Cooper worked at Sanford C Bernstein prior to Neptune, where he undertook global research on the energy and consumer sectors.
Chambers previously worked as a wireline engineer at Schlumberger Oilfield Services, before joining the Bank of Montreal in 2012 as an oil and gas equity research associate.
Kelly taught mathematics on the Teach First Leadership Development programme, before joining Bremner Capital Management in 2014 as an equity analyst for a long/short global hedge fund.
“Over the past year we have made a number of moves to enhance our long-standing investment process, whilst staying true to our underlying philosophy. One aspect of this was a new role for senior members of the sector teams to run proprietary global sector model portfolios,” says Robin Geffen, founder and chief executive officer of Neptune.
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