New Star Shuts Poor-Show Fund ; Finance

Summary


NEW STAR Asset Management has demoted one of its former high- flying fund managers and will close his UK Special Situations fund.

James Ridgewell, who 18 months ago was among fund managers pictured in poster adverts showing "New Star's new stars", has produced a return of just 11% over the past three years compared with an average of 40%.

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Extract


New Star Shuts Poor-Show Fund ; Finance

The remaining Pounds 35 million...

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