Stephen Whittaker has stepped down as manager of the New Star Equity Income fund, to be replaced by Charles Deptford with immediate effect.
Over the past year the fund was down -34.4pc (bid-to-bid, according to Lipper, as at 16.07.08), having fallen off a cliff edge since May. Commenting, Darius McDermott, managing director at Chelsea Financial...
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till