New Star considers rebranding UK Aggressive as Special Situs

Tim Steer's New Star UK Aggressive fund is to be renamed in December, possibly to New Star Special Situations. Steer said the name change, which is subject to regulatory approval, aims to better reflect the investment mandate of the fund and so appeal to a wider range of investors. Another name under consideration is New Star Mid Cap. 'The name Aggressive does not accurately reflect what this fund is about and we feel that this description may deter some potential investors. This is frustrating as I feel the fund deserves to be bigger than £90m. Aggressive suggests this would be a hi...