New Star has blamed depressed market conditions and poor relative product performance for a 12% fall ...
New Star has blamed depressed market conditions and poor relative product performance for a 12% fall in assets under management since the start of the year. The 9% overall rise in assets under management it saw from £21.1bn to £23.11bn during 2007 has been wiped out, with £20.3bn remaining as at 18 March. The group has also announced the appointment of former FSA chief John Tiner as a non-executive board director. Group founder John Duffield issued an accompanying statement with the 2007 results, released today. “The second half of 2007 and the start of 2008 have been the most diffic...
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