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.
Taking the time to look
After 14-month FAS programme
More than half of people over the age of 55 see financial security as a top priority in retirement, yet a third allocate more time to buying a new car, research from Legal & General (L&G) has found.
Rebranded from OMW
Number of benefits