New Star use quants screens to hunt for value in Europe

Manager Nick Sheridan uses a proprietary quantitative process to unearth ideas for his former Tilney fund, which has generated top-decile returns over three years

By Phil Craig As part of the acquisition of Tilney's fund management business in April, New Star gained the group's European Growth fund and its manager Nick Sheridan. The vehicle has now become New Star European Value fund, but otherwise remains unchanged, holding onto its performance record. Sheridan has used his proprietary quantitative process to good effect on the portfolio, ranking in the sector's top 10 over three years. The underlying system is primarily quantitative, aiming to remove sentiment from the stock selection process. Sheridan gives a theoretical value to each stock an...