institutional team to provide asset allocation for fund of internal funds to retail markeT; a series of offshore initiatives are to follow
New Star Asset Management is offering the asset allocation skills of its institutional team to the retail market with a fund of internal funds. This launch is set to be the start of a series of offshore initiatives for the group that could include restructuring its Luxembourg range, launch- ing an unfettered fund of funds and offering a fund of hedge funds. However, for the moment, New Star will be focusing on the new product, the Dublin-based Global Managed fund, which is aimed at the international advisory market, with a $5,000 minimum, 5.25% initial and 0.75% annual charge. Mark ...
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