Trevor Green, incoming manager of New Star Select Opportunities, plans to slash the portfolio from 88 to 70 holdings, purging the fund of early stage companies that have rendered it fourth quartile over one, three and five years.
The fund has had a torrid time under the steer of Patrick Evershed, who left the company this week after six years. The fund has languished at the bottom of the UK All Companies sector, and was down 26pc...
View from the front row
Project Libra unveiled
Including SJP and investment trusts
Spent two years at Sanlam
Will also assess FCA's actions