The shareholders of New Star Investment Trust voted against separating it into two unit trusts at an...
The shareholders of New Star Investment Trust voted against separating it into two unit trusts at an extraordinary general meeting held today. The trust was originally set up to allow Jupiter Asset Management employees to roll over their assets from the group's share option scheme without crystallising capital gains tax. The management of the trust moved to New Star as part of John Duffield's settlement with Jupiter in November last year. Following Duffield's departure from Jupiter employees who have assets in the trust have grown increasingly concerned about its investment strate...
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