New Star to offer access to its stock

New Star is offering investors access to its unquoted stock via its financials fund, which will hold a permanent weighting in the company. On 21 August, manager of the New Star Financials fund Guy de Blonay invested 10% of his portfolio in the company's own shares, valued at £80 each. At the time, the New Star holding equated to a tenth of the portfolio but subsequent market movements and fund inflows have diluted this to 8.3% in the £4.5m fund. As New Star is a private company lacking liquidity, the amount of shares within the portfolio will remain somewhat static, but the propor...