Growing carefully

New Star is the fund management industry's most precocious youngster. Started in 2001, few can have missed its dramatic debut. In four short years it has attracted nearly £6.5bn to its range of retail funds and has built a formidable array of talent. But sometimes growing up is hard to do. With a float scheduled for the fourth quarter of this year, can it keep its fund managers and unitholders happy in this new stage of its evolution? New Star's story has been well-told. The founder of Jupiter, John Duffield, had a highly public spat with the group's new owners Commerzbank. Amid recrimina...