New Star banks on Thakrar for Global Equity turnaround

The fund is fourth quartile in the IMA Global Growth sector over one year and three years – having lost 24.14% over the year to 2 April. Outgoing manager Greg Kerr will continue at the firm, focusing on his North American mandates and institutional responsibilities. Thakrar, who joined New Star in July 2004, had previously run the firm’s Technology fund which is first quartile over one year. “Hitesh has been instrumental in improving the performance of the New Star Technology unit trust,” New Star investment funds managing director Mark Skinner says. “We believe that his proven track r...