New Star Asset Management is now test marketing a distribution fund, which would be jointly managed ...
New Star Asset Management is now test marketing a distribution fund, which would be jointly managed by corporate bond fund manager Theo Zemek and equity income manager Toby Thompson. New Star marketing director Rob Page said this was just one of several options being investigated by the group. Others involved packaging a product jointly managed by Zemek and James Gledhill, who specialises in sub-investment grade debt. The group is also looking to offer investor-friendly services on funds, such as the ability to invest a lump sum to maximise the annual Isa allowance, but having the sum drip fed into investments of choice to benefit from pound cost averaging.
Annuity market worth £4bn in 2017
For ‘distress’ caused
Oversees £30bn of advised and D2C assets
Less than a third of top paid employees are women
£1bn business since inception