Changes to New Star Funds
As many of you will be aware, Henderson have recently taken over New Star. The table below details all of the changes to the management of New Star funds, along with an initial Chelsea Financial Services "Buy/Hold/Switch" rating.
We have yet to interview the new managers and once we have done so (in June), we will update our ratings. You will note that the two funds that were previously on our Chelsea Leaders list, New Star European Growth and New Star Global Financials, have retianed their managers and hence we have reinstated our Buy rating. (Monday 18th May 2009)
New Star's UK Retail Funds |
Sector |
Previous Fund Manager |
Fund Manager Post Acquisition |
Chelsea Rating |
| EQUITY INCOME | ||||
| Equity Income | UK Equity Income | Charles Deptford | Graham Kitchen & Andrew Jones | Hold |
| European Growth | Europe ex UK | Richard Pease | Richard Pease & Simon Rowe | Buy |
| European Value | Europe ex UK | Nick Sheridan | Nick Sheridan | |
| Global Equity | Global Growth | Nick Sheridan | Nick Sheridan | |
| Global Financials | Specialist | Guy de Blonay | Guy de Blonay | Buy |
| Hidden Value | UK All Companies | Jamie Allsop | Stephen Peak | Hold |
| Higher Income | UK Equity Income | Toby Thompson | Graham Kitchen & Andrew Jones | Hold |
| Indian Equity | Luxembourg SICAV | Sub-investment manager: Tata AM Mauritius | Sub-investment manager: Tata AM Mauritius | Hold |
| Managed Distribution | Cautious Managed | Gregor Logan with James Gledhill & Trevor Green | John Pattullo with Jenna Barnard & Trevor Green | Hold |
| Pacific Growth | Asia Pacific ex Japan | Ian Beattie & Lucy Bernays | Andrew Beal | Hold |
| Select Opportunities | UK All Companies | Trevor Green | Trevor Green | Hold |
| Technology | Technology and Telecoms | Lucy Bernays | Stuart O'Gorman & Ian Warmerdam | Hold |
| UK Alpha | UK All Companies | Tim Steer | Stephen Peak | Hold |
| UK Growth | UK All Companies | Trevor Green | Trevor Green | Hold |
| PROPERTY | ||||
| International Property | Property | Roger Dossett & Stuart Webster | Roger Dossett & combined property team | Hold |
| UK Property | Property | Roger Dossett & Gregor Logan | Roger Dossett, Marcus Langlands Pearse & combined property team | Hold |
| FIXED INCOME | ||||
| Extra High Yield Bond | £ High Yield | James Gledhill & Mark Sanders | James Gledhill | Hold |
| Fixed Interest | £ Strategic Bond | James Gledhill & Nick Hayes | James Gledhill, John Pattullo & Jenna Barnard | Hold |
| High Yield Bond | £ Strategic Bond | James Gledhill | James Gledhill | Hold |
| Money Market | Money Market | Nigel Marsh | Tony Andrews | Hold |
| Sterling Bond | £ Corporate Bond | Phil Roantree | Stephen Thariyan & Philip Payne | Hold |
| FUND OF FUNDS | ||||
| Active Portfolio | Active Managed | Mark Harris & Craig Heron | Mark Harris & Craig Heron | Hold |
| American Portfolio | North America | Mark Harris | Mark Harris & Craig Heron | Hold |
| Asia Portfolio | Asia Pacific ex Japan | Rob Jeffree | Mark Harris & Craig Heron | Hold |
| Balanced Portfolio | Balanced Managed | Mark Harris & Craig Heron | Mark Harris & Craig Heron | Hold |
| Cautious Portfolio | Cautious Managed | Craig Heron | Craig Heron | Hold |
| European Portfolio | Europe ex UK | Clare Bryant | Mark Harris & Craig Heron | Hold |
| Managed Portfolio | Balanced Managed | Mark Harris & Craig Heron | Mark Harris & Craig Heron | Hold |
| Tactical Portfolio | Global Growth | Mark Harris | Mark Harris | Hold |
| FUNDS OF INVESTMENT TRUSTS | ||||
| Diversified Absolute Return | UK Zeros | Paul Craig | Paul Craig | Hold |
| Global Strategic Capital | Active Managed | Paul Craig | Paul Craig | Hold |
| UK Strategic Capital | UK All Companies | Paul Craig | Paul Craig | Hold |
| UK Strategic Income | UK Equity Income | Paul Craig | Paul Craig | Hold |