Edward Collins will take over the equity mandate of the New Star Tri-Star fund later in 2007. Until then, he will co-manage the equity part of the fund with current manager Stephen Whittaker.
New Star says Collins’ appointment is in recognition of his strong track record managing UK equities. He has worked closely with Stephen Whittaker, Tim Steer, Patrick Evershed, Jamie Allsopp and James Ridgewell during his time at New Star and has returned top quartile performance as lead manager of the New Star UK Dynamic fund, a sub-fund of the New Star Dublin OEIC.
Collins’ appointment will allow Stephen Whittaker to focus more closely on his other responsibilities as New Star’s joint chief investment officer and manager of the New Star UK Growth fund and the New Star Equity Income unit trust.
Whittaker, says: “I have worked closely with Edward for a number of years and he has proven to be an excellent fund manager. The performance of the UK Dynamic fund under his management has been strong and I believe his considerable talent will benefit the New Star Tri-Star unit trust and its investors.”
The £30m New Star Tri-Star unit trust was launched in July 2006 and offers approximately equal exposure to corporate bonds, UK equities and UK commercial property. Gregor Logan is responsible for asset allocation while James Gledhill is responsible for bonds and Roger Dossett heads up commercial property.
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