Gregor Logan, the former joint chief investment officer of New Star, said a leveraged balance sheet and poor performance from flagship funds caused the demise of the asset manager.
Former New Star head of fixed income Theo Zemek today told of the "appalling" atmosphere at New Star, under former CEO John Duffield.
Patrick Evershed lost his cool on one of his last days at New Star, attacking the firm's CIO for preventing him topping up a position in HBOS, an employment tribunal heard today.
Patrick Evershed's case against former employers New Star took another turn today after it was revealed he signed an agreement to keep his fund open despite its increase in size.
New Star's lawyer has hit back at claims from former fund manager Patrick Evershed that up to 20 staff were signed off because of stress, claiming Evershed is not afraid "to exaggerate".
Patrick Evershed has claimed his former boss John Duffield bullied and humiliated New Star staff including withdrawing an offer of sweets from managers having a bad period of performance, according to his witness statement lodged with an employment tribunal...
John Duffield, the founder of New Star, will not be appearing in court during the case brought against his former company by Patrick Evershed.
Ex-New Star fund manager Patrick Evershed has started his case for constructuve dismissal against his former employer.
Former New Star fund manager Patrick Evershed is due to appear at the Court of Appeal today to defend a court ruling that his unfair dismissal case falls under whistleblowing laws.
Former New Star Asset Management founder John Duffield has unveiled further details of his new Brompton Asset Management venture.