New Star European's large-cap focus has kept the fund first quartile over the past three years, falling just 7.91% against an average sector loss of 20.93%
Finding a European manager who has been running the same fund for three years or more is a difficult job these days. Even fewer funds in this sector have strict large cap mandates, with most portfolios investing with a small- to mid- cap bias. Last month, however, saw Richard Lewis mark his third anniversary running the £8m New Star European Leaders portfolio, a large cap-biased fund. Lewis joined New Star through the group's purchase of institutional investment house WorldInvest in 2000, where he was chief investment officer. WorldInvest has since been rebranded New Star Institutional ...
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