New Star hoping history repeats itself

Having raised £250m with launch of two retail funds, group is looking to use strategies which made Jupiter a success

There is more coverage of New Star Investment Management than any fledgling retail group with a couple of 'bog standard' funds has a right to. True, the company has been set up by John Duffield, who made Jupiter Investment Management a household name in the 1990s. And the fact that New Star is noisily expanding just as everyone else in the industry is stealthily trying to contract merits some attention. A lot of interest is driven by the very public acrimony surrounding Duffield's split last year with Jupiter and its parent, German finance house Commerzbank. The deal ended badly and h...