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New Star fund goes back to offer price after bid move

New Star’s £684m international property fund has gone back to an offer price after it was placed on a bid price last week following an increased level of redemptions.

The fund moved to bid due to two big redemptions, hav- ing seen steady inflows throughout 2008 to that point.

It was launched in May 2007 and has returned 3.3 per cent in the past 12 months under the management of Roger Dossett and Stuart Webster.

New Star says the move was nothing to do with fund liquidity – which stands at 39 per cent, comprised of cash and prop- erty equities.


Naturally resourceful

Phew, what a few weeks we have had in the markets. The sector rotation has been violent, with individual stocks either tanking or soaring.

Tech IPOs: The outlook in 2017

Ali Unwin, CTO & Fund Manager, Neptune 2016 was a weak year for technology IPOs – only 13 US venture-backed tech IPOs hit the market, in spite of fairly high public market valuations and investor appetite. Will 2017 be different, asks Neptune CTO & Fund manager Ali Unwin. Click here for article Important Information Investment risks Neptune […]


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