New Star

New Star has announced former RCM manager Trevor Green will take control of the equity portion in its Managed Distribution fund, replacing Toby Thompson.

Bank of England Governor Mervyn King may be forced to write a letter to the Chancellor on the high inflation level as early as next week, New Star chief economist Simon Ward predicts.

New Star is set to launch an Indian equity fund in a bid to take advantage of what it describes as "one of the world's strongest growth markets".

New Star will issue 35m new shares to key employees under its new performance-based share plan.

New Star Asset Management, the credit crunch-hit fund set up by star trader John Duffield, warned yesterday that the trading environment remains challenging but added that performance of some of its funds is improving, The Telegraph reports.

A 4% annual inflation peak now looks "plausible" as today's jump to 3% appears too low against economist's predictions for the rest of the year, New Star chief economist Simon Ward says.

New Star is responding to poor performance on two of its smaller funds by announcing merger plans.

New Star has entrusted Hitesh Thakrar with the responsibility of turning around its ailing £41.59m Global Equity fund.

New Star Asset Management has poached well-known managers Trevor Green, from Allianz RCM, and Barings' Charles Deptford to work on its UK equity desk.

New Star is looking to recruit additional fund managers to turn around "unsatisfactory" performance on some of its UK funds.