New Star Asset Management is to open a private client business later this year after approaches from...
New Star Asset Management is to open a private client business later this year after approaches from potential investors. Howard Covington, chief executive officer at the group, said the motivation for the new division comes from a number of potential investors asking New Star to manage their money on a private-client basis. Covington said clients will be invested in New Star funds rather than individual segregated mandates and the firm will make asset allocation decisions. Simon Akroyd, formerly of Aberdeen Asset Managers, will head the division.
Putting the tech into protection
Square Mile’s series of informal interviews
Fallout from Haywood suspension
Launching later in 2019
£80bn funds under calculation