New Star to launch property hedge fund

White will join New Star in September 2007 from Rock Capital. He has been investing in property securities on a long/short basis for eight years and has managed the Rock Real Estate Securities fund since its launch in July 2006. The fund has produced an annualised return of 22% to 31 May 2007 with no negative months. The launch is the latest of a number of new initiatives from New Star’s alternative asset business. These include fund raisings of more than $550m for two hedge funds launched during the second half of 2006, rationalising the range of single strategy hedge funds and the laun...