New Star guaranteed hedge fund

New Star International Investment Products, the Bermuda-based arm of New Star Asset Management, has launched the New Star Capital Guaranteed Hedge Fund. The fund is a long/short equity fund with a rising capital guarantee provided by HSBC bank, according to Philip Goldsmith, managing director of New Star International. It is the first product launch for New Star International. The fund looks to provide absolute performance over a five-year investment period and will actively stock pick. It will be exposed primarily to UK equities and will be advised by Alan Miller, chief investment of...