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New Star assets under management top 5bn

New Star Investment Funds has topped the 5bn mark for retail assets under management after only three years in operation.

It is now the 16th-biggest asset manager in terms of funds under management, with 9.6m in total assets, including institutional funds. Managing director Mark Skinner says: “To reach 5bn in retail funds under management in just over three years is a significant milestone for New Star. We have been delighted with the support we have received from intermediaries and their clients since launch, which is a tremendous endorsement of our offering and investment philosophy.”

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