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Henderson New Star confirms fund mergers

Henderson New Star has received shareholder and unitholder approval to merge three of the funds within the New Star range.

The firm’s £127.5m New Star equity income fund will merge into the £149m New Star higher income fund manaed by Graham Kitchen and Andrew Jones, while the £11m hidden value and £32 select opportunities fund will be merged into the £155m New Star Uk Alpha fund managed by Stephen Peak.

Both funds were suspended from dealing yesterday and will resume on September 1, 2009.

Henderson acquired New Star on April 9, 2009. The Henderson New Star fund ranges will remain on separate administration platforms until full administration integration takes place in 2010.

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