nstitutional team to provide asset allocation for new product
New Star Asset Management is offering the asset allocation skills of its institutional team to the retail market with a fund of internal funds benchmarked two-thirds equities and the rest bonds. This launch is set to be the start of a series of offshore initiatives for the companies that could include restructuring its Luxembourg range, launch- ing an external fund of funds and launching a fund of hedge funds. However, for the moment, New Star will be focusing on the new product, the Dublin-based Global Managed Fund, which is aimed squarely at the international advisory market with a $...
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