Statwatch: New Star UK Alpha fund

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A best of the best approach, combined with stringent financial discipline has led to consistent year...

A best of the best approach, combined with stringent financial discipline has led to consistent yearly performance from New Star UK Alpha fund manager Tim Steer. The £340m portfolio launched in 2001 and is exposed to UK equities, bonds and UK commercial property. The fund aims to seek capital growth through a concentrated portfolio principally invested in securities in UK companies. Steer specialises in mid-cap companies and takes a best of the best approach to the fund's management. Standard and Poor’s figures reveal the fund reported 27.77% bid to bid growth over the period of 1 No...

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