Soros considers New Star fund

New Star Asset Management is in discussions with George Soros over whether the billionaire hedge fund manager will put some $100m with the fledgling asset management business, writes Robert Stock. Soros, who is best known for forcing the UK to leave the ERM with a huge bet that sterling was overvalued, did have discussions with Jupiter at the launch of the Jupiter Hedge Fund, which moved with Alan Miller to New Star. However, Jupiter said this week it did not believe that Soros had committed any money to the fund. New Star chief executive Howard Covington said that New Star would not co...