New Star

Henderson has agreed the final sale needed in order to re-open its New Star International Property fund, which has been suspended since 25 November 2008.

Former New Star fund managers Stephen Whittaker and Phil Roantree have joined forces to launch a new boutique group, with a view to initially rolling out a hybrid equity and bond product.

Guy de Blonay's defection to Jupiter raises serious concerns about the integration of Henderson and New Star, Chelsea Financial Services' Darius McDermott believes.

Advisers have started increasing their recommendations to European funds, following in the footsteps of many institutional investors who have started to pile into the sector.

Advisers are starting to return to the UK commercial property market for the first time in two years as they believe the sector is bottoming out and they want to take advantage of the high yields on offer.

Henderson Group has retained a better than expected 77% of New Star fund assets but warned first half profits will be half the level of a year ago.

Henderson New Star is planning a new launch for Richard Pease, expected to take the form of a European Special Situations vehicle.

Investors in the former New Star Heart of Africa fund will receive the proceeds of the vehicle's sale tomorrow.

Henderson Global Investors has re-branded its retail business 'Henderson New Star', following its recent takeover of the former John Duffield-led manager.

Patrick Evershed, the former New Star small cap manager, is set to join stockbroker and investment boutique Hargreave Hale.