New Star expected to offer incentive scheme to key staff

Investment Week understands New Star will offer up to 20 of its key fund managers and senior staff t...

Investment Week understands New Star will offer up to 20 of its key fund managers and senior staff the opportunity to take part in an incentive scheme comprising £6m of preference shares and options over 5% of the ordinary shares as part of its restructuring, which will see it delist from the stock market. The managers are likely to include founding fund managers such as Richard Pease and Tim Stear, bond manager James Gledhill, more recent UK equity managers Trevor Green and Charles Deptford, High Income manager Toby Thompson, its property team including Stuart Webster, and Heart of Afric...