New Star

New Star plans to close its troubled Heart of Africa fund.

New Star plans to close its troubled Heart of Africa fund due to liquidity issues.

Henderson-New Star could be the new name for Henderson Group's proposed acquisition of New Star Asset Management.

Henderson has this morning announced it has agreed to acquire New Star Asset Management for £115m.

Henderson has emerged as the favourite to acquire struggling New Star Asset Management after being granted exclusive rights to negotiate a deal, reports at the weekend from the Sunday Telegraph suggest.

New Star this morning confirmed it has received a number of indicative offers to acquire the company.

Advisers are making the decision to move client funds out of beleaguered New Star Asset Management, with one platform noting a ten-fold increase in transfers away from the company's funds so far this month.

New Star has suspended dealing in its £29m Heart of Africa fund following an increase in investor redemptions.

New Star has confirmed it has received and is considering a number of offers from third parties to acquire the company's business.

New Star chairman and founder John Duffield has categorically denied reports he is set to resign from the troubled fund manager.