LONDON (Reuters) – Neptune Investment Management is no longer actively looking to buy other funds as acquisition opportunities become scarcer and its organic growth improves, the fund boutique’s Finance Director Robert Warner said.
Neptune, headed by Robin Geffen, bought four Quilter Fund Management portfolios from private client investment firm Morgan Stanley Quilter in 2004 and six funds from Carr Sheppards Crosthwaite last year.
“Two years ago there seemed to be movement whereby big institutions were looking at themselves and thinking that some of their funds were not part of their core business,” Warner said in a recent interview.
“(But) I think it did die down a bit … there’s not so many around,” he said, adding that the fund’s organic growth was strong.
