Henderson Global Investors has confirmed which managers will be running all New Star funds brought over as part of its acquisition of the failed fund house.
It has been confirmed that in addition to the departure of equity managers Tim Steer and Charles Deptford, fixed income manager Phil Roantree will also be leaving the company.
Roantree's £316m Sterling Bond fund will now be run by Henderson's head of credit Stephen Thariyan and manager of its All Stocks Credit and Long Dated Credit funds, Philip Payne.
It has also been confirmed analyst Simon Rowe will become co-manager of New Star European Growth with Richard Pease, having worked with Pease on the fund since joining the firm in 2001.
The head of Henderson's European Equity desk, Stephen Peak, will replace Steer on £187m New Star UK Alpha.
Peak currently manages the £248m Henderson TR European Growth investment trust which is currently down -40.6% over 1 year to 30 March.
He also took the reins of Henderson UK Opportunities in January, which is down 40% over one year against an IMA UK All Companies sector average of -31%. New Star UK Alpha is currently down 37.7%.
Guy de Blonay will remain manager of New Star Global Financials.
Jamie Allsopp manager of both New Star Hidden Value and Heart of Africa, recently sold to Duet Asset Management, has left the company.
Peak will also replace Allsopp on Hidden Value.
Caring for children and elderly relatives
Similar to June 2007
Square Mile’s series of informal interviews
Fine reduced to £60,000
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