A boutique that was formerly an affiliate of Thames River, Nevsky previously passed on its Dublin-domiciled Global Emerging Market and Emerging Asia funds to F&C in February 2011.
The board of the $466m Eastern European UCITS fund stressed that its capital growth-focused investment objective remains unchanged, with Morgan and his team – Kristof Bulkai and Claire Franklin – on the hunt for quality companies at attractive valuations.
F&C said it also plans to introduce an institutional share class for existing and new clients with no performance fee.
Morgan said: “Our focus on quality, rather than value alone, has enabled us to deliver strong performance over various market cycles.
“Through our process and an ability to draw on the wider research capabilities within F&C, including the European Equity, Emerging Market Debt and Governance & Sustainable Investments teams, we believe we are well placed to continue delivering for stakeholders.”
F&C currently provides support services (back office, marketing, legal and compliance) to Nevsky Capital under a Service Agreement which will expire on 30 June this year. After this date Nevsky Capital will have no relationship with F&C and will provide all of these services either directly itself or via outsourcing.
Since launch in October 2000 to end 2013, the fund delivered 804% versus 362% from the MSCI TR Net Emerging Markets Europe index.
