New Star sails through £75m investment tsunami

Reports came in this week that New Star Asset Management, set up by John Duffield, Jupiter's founder, had raised a sentiment-defying £75m for two of its new funds just 10 days into their three-week initial offer period. Even Duffield admitted he'd never witnessed so much enthusiasm. And all this against the current backdrop of market volatility and investor anxiety - you couldn't really pick a worse time to be launching a fund. Along with the jubilation, however, city whispers had questioned whether the group's administrative set-up would be able to cope with this tsunami of inv...