Veteran City fund manager Patrick Evershed was forced out of New Star Asset Management after accusing founder John Duffield of bullying, court papers alleged.... more
A leading fund manager has been given the go-ahead to pursue New Star Asset Management for unlimited compensation amid claims of bullying at the firm founded by John Duffield... more
Fund manager Henderson today said its integration of the recently acquired New Star business was progressing well although group profits for the half-year will be significantly lower than a year ago ... more
New Star Asset Management, the troubled fund manager founded by John Duffield, has sold its high-profile Heart Of Africa fund to its rival Duet Asset Management for an undisclosed sum... more
Investment: John Duffield’s New Star finally imploded with the stricken fund manager forced to sell up for just £5 million — or tuppence a share... more
Commentary: When Andrew Formica ran Henderson’s equities business, his mantra was “to invest in companies that whilst fundamentally sound are nevertheless underperforming”... more
Investment: Hopes for a takeover of stricken New Star receded as potential bidder Aberdeen Asset Management bought Credit Suisse's UK asset management division for £250 million... more
Between 1985 and 2005 the average equity fund underperformed the S& P 500 index by 1.4% per year in the United States. Internationally, over half that period in the 10 years from 1995, it is calculated that 69% of active funds underperformed against the MSCI World index.... more
Investment: New Star Asset Management axed its top fund manager today as it fights to turn around an awful performance and keep the business alive... more
It is tempting to say that the announcement to the City last Friday from New Star Asset Management is the worst that John Duffield has ever had to put his name to - but he's had a few lately that are competitive.... more
Fears for the health of John Duffield’s New Star Asset Management are growing, as the company scrambled to rejig its debt mountain and admitted that investors are withdrawing money at an alarming rate... more
One group of investors that will be keeping a close watch on stock market events during the days and weeks ahead are the pin-up boys and girls at New Star Asset Management with around £8 billion invested... more
There are few signs of recovery yet at John Duffield's New Star Asset Management, which revealed tumbling profits and admitted customers have deserted in droves... more
Tonight:
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