New Star founder John Duffield has reached agreement with Jupiter International Group to split the N...
New Star founder John Duffield has reached agreement with Jupiter International Group to split the New Star Investment Trust, with Jupiter bearing the estimated £400-£450,000 reconstruction fees. Jupiter, which said it has around 70 current employees with savings in the trust, will continue with legal action if the reconstruction does not take place by 15 October. Jupiter took legal action last year against Duffield to facilitate the split of the trust, allowing shareholders to choose whether they wanted New Star or Jupiter to manage their assets.
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