New Star has confirmed its tie-up with the asset management arm of TATA Group and the imminent launc...
New Star has confirmed its tie-up with the asset management arm of TATA Group and the imminent launch of an Indian equity fund. The partnership with the Mumbai-based firm is being hailed as the next step in the expansion of New Star’s emerging market range following recent launch of its Heart of Africa fund in November. TATA Asset Management has assets under management of more than $6bn across 31 investment schemes. New Star chairman John Duffield said the group is looking to launch the Indian equity fund before the end of the second quarter of this 2008. He added: “To join forces w...
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