In this podcast, Robin Geffen, CEO of Neptune and manager of the Neptune Global Alpha Fund and James Dowey, CIO and Chief economist of Neptune, outline the philosophy and positioning of this portfolio.
They outline why they have chosen a fully flexible mandate for this proposition and how this has resulted in the preservation of capital in periods of material draw down. They also provide context behind their current equities preferences and the areas of the market they are actively avoiding in a world where low interest rates have distorted the course of natural market forces.
Robin and James also discuss the value for investors in seeking active investments. They warn of the opportunity cost of being overly cautious and the importance of choosing funds which will contribute to achieving desirable retirement outcomes.
Running Order
| Run Time |
Topic |
| 00:20 |
What is the objective of your fund and why is it in the IA Flexible classification? |
| 02:25 |
The fund has modest AUM. What are potential investors missing? |
| 04:40 |
On seeking long-term returns and the dangers of an obsession with short-term volatility |
| 09:06 |
Outline the market capitialisation positioning of the fund. |
| 11:46 |
What areas of the market are you actively avoiding? |
| 14:46 |
What should investors be wary of should momentum stall? |
Robin and James are chatting with Jake Moeller, Head of Lipper UK and Ireland Research, at Refinitiv in London, on April 10, 2018.
About Robin Geffen
Robin Geffen.
Robin founded Neptune Investment Management in May 2002 and is the architect of Neptune’s real world investment approach. He is Neptune’s CEO and the fund manager of the Neptune Global Alpha Fund.
He graduated from Oxford University in 1979 and began his investment career at Charterhouse J Rothschild before moving onto Eagle Star, York Trust plc and then Scottish Equitable, where he set up their pooled fund business.
Robin joined Orbitex Investments Limited as Chief Investment Officer in 1997 and was most recently Global CIO – Pensions before founding Neptune.
James Dowey.
About James Dowey
James is Neptune’s Chief Economist & CIO and a member of the Neptune Board.
He leads Neptune’s global economic research and works closely with CEO Robin Geffen in managing Neptune’s investment process. Previously, James taught at the London School of Economics and Aberdeen Business School and worked in actuarial consultancy.
James holds a PhD in economic history from the London School of Economics and degrees in economics from Edinburgh University and King’s College, Cambridge University.
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Disclaimer:
This material is provided for as market commentary and for educational purposes only and does not constitute investment research or advice. We cannot be held responsible for any direct or incidental loss resulting from applying any of the information provided in this publication or from any other source mentioned. Please consult with a qualified professional for financial advice. The author does not own shares in this investment.
