New Star is test marketing a cautious, high income fund of funds product that would be managed by Ma...
New Star is test marketing a cautious, high income fund of funds product that would be managed by Mark Harris and Craig Heron. The fund, to be called the New Star Cautious Portfolio, would also aim to deliver some capital growth. Still subject to regulatory approval, it would be launched as a sub-fund of the group's Oeic and would make use of Coll regulations, enabling the managers to use derivatives. The fund would not offer capital protection. Rob Page, marketing director at New Star, said feedback from the group's fund of funds roadshow indicated intermediaries are keen to see an in...
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