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&#39Individual skills make a difference&#39

Alan Steel Asset Management consultant Alan Adam says: “I think it would

be hypocritical if our firm did not take the launch of New Star into

consideration for our clients. We were strong advocates of the bulk of the

Jupiter team and their ability to pick the right stocks. Just because they

are with a new employer does not affect their talents.

“We have always said over the years that individuals can make a difference

and we have followed key people who we have been impressed with.

Accordingly, we would want to follow some of New Star&#39s team such as

Richard Pease.”

Hargreaves Lansdown head of research Mark Dampier says: “Despite being a

new group, New Star is packed with people who are hugely experienced. With

the fund management talent of Alan Miller and the quality of Tim Steer in

research/ analysis plus Richard Pease in Europe, I would expect New Star to

attract new monies. Contrary to other comments I have seen, John Duffield

remains ext-remely hungry for the business. With the fund managers also

being equity owners, it is hard to see what extra incentive they need to do

well. IFAs who will not buy until a three-year track record is recorded

will probably miss out on some of the best years.”

Michael Philips partner Michael Both says: “Deciding whether to try a new

fund manager is fraught with dangers. Experience has taught IFAs that being

a guinea pig is seldom rewarding for either the client&#39s wallet or the

IFA&#39s blood pressure. It is incumbent upon us to research our

recommendations thoroughly and it is easier where there is a track record

to examine.

“Contrasting New Star with Manek is easy but how about with Jupiter or

even Invesco Perpetual? Good active fund management does not happen by

accident and the track record of a fund is really that of its senior

managers.”

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