New Star's Pease ups stake in his fund by £0.5m

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New Star's Richard Pease has increased his stake in his fund by over £0.5m, giving the clearest indication yet he will remain with the firm.

The European Growth manager confirmed the purchase at the Investment Week Senate Spring Investment Conference in Cape Town. Asked whether he was concerned about short term volatility he said he had made a substantial purchase into his own fund and was therefore concerned on a personal level about the short term. Pease added: "I would not make a substantial purchase like this only to then walk away from the fund shortly afterwards. "At the moment it is up to Henderson whether or not they want to keep me on board." There has also been some speculation Mark Harris and Craig Heron, co-ma...

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