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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.”


A&L sticks to its principals

Alliance & Leicester head of intermediary sales Mehrdad Yousefi is adamant the company has made the right decision in restricting the number of principals it would deal with up to and beyond M-Day. “Lenders have to be very vigilant about the marketplace and it will not be until the end of January at the earliest […]


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