Acquisition versus organic growth

new star

While New Star has grown rapidly through an aggressive acquisition strategy and a star manager culture, Jupiter has adopted a much more incremental approach

In the four years since John Duffield left Jupiter, the company he founded, much has changed at the asset management house, not least the additional competition the group has faced from Duffield's launch of New Star Asset Management. In July, Duffield's New Star will celebrate its third anniversary and in that short space of time the firm has moved into the top 20 providers in the UK in terms of unit trust and Oeic assets under management, £1.1bn behind Jupiter. New Star's first two retail funds hit the UK market some 13 months after Duffield's much-publicised departure from Jupiter. Fro...