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Ex-Jupiter boss sets up new fund manager

Former Jupiter Asset Management chairman John Duffield has announced plans for his new business.

Duffield, who is suing Jupiter for wrongful dismissal, is attempting to create a new fund manager, to be called New Star Asset Management.

Reports say he has approached a number of small fund management outfits with the hope of buying them to boost the size of his own outfit. He has been unable to strike a deal so far. One of those who has turned him down is Guildford based fund manager Premier Asset Management.

Duffield is waiting for clearance from fund management regulator Imro before he can start his new practice.

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