New Star assets increase fivefold during past year

performance

three years after launch, group is one of 20 largest fund providers in the uk

New Star Asset Management was the fastest growing UK fund management group in 2003, with a fivefold increase in assets moving it into the top 20 providers just three years after launch. With £4.2bn under management at the end of November 2003, according to IMA figures, New Star is now £1.2bn behind founder John Duffield's former company Jupiter. The latter grew 25% over the course of 2003, increasing to £5.4bn by November. New Star's 516% growth from £719m at the end of 2002 was largely down to acquisitions, with New Star buying significant assets from Aberdeen, Exeter and Edinburgh Fund ...