The purchase by New Star of six of Aberdeen's retail fixed interest, UK equity and technology unit t...
The purchase by New Star of six of Aberdeen's retail fixed interest, UK equity and technology unit trust range for 5% of funds under management is expected to be announced today. Aberdeen's head of technology investment, John Pullar-Strecker, is expected to move to New Star to continue running the £412.4m Technology and £26.8m European Technology funds involved in the purchase. Investment Week understands the deal involves assets of £1.85bn. At 5% of funds under management, New Star is paying considerably more than the 1% Insight paid for the Rothschilds funds business. However, this i...
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