New Star merges Tri-Star with MM fund

Professional Adviser
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New Star is to merge its Tri-Star unit trust into its multi-manager Cautious Portfolio, managed by C...

New Star is to merge its Tri-Star unit trust into its multi-manager Cautious Portfolio, managed by Craig Heron. The Tri-Star fund, which invested in equities, bonds and commercial property, has suffered in the recent market volatility and it was felt investors would benefit from a more flexible mandate.

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