New Star to merge EFM funds

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integration of edinburgh fund managers' oeic range starts; tokyo and japan funds are first

New Star is to keep five funds from Edinburgh Fund Managers' (EFM) Oeic range as it starts to integrate the Scottish business. The Edinburgh Tokyo fund, will become the New Star Japan fund and will be managed by Michelle Sanders, who at present runs the group's `offshore Japan Recovery fund. The Pacific Equity fund will be headed up by Ian Beattie, who is also running the former Exeter Japan fund of investment trusts. New Star's Guy De Bloaney will be given a second fund to run alongside the Global Financials portfolio he already manages. He will take over the old Edinburgh Financial ...

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