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New Star hires fund manager trio

New Star has appointed three new fund managers in a bid to boost performance across some of the funds in its range.

Ex-Barings UK income specialist Charles Deptford and Allianz RCM fund manager Trevor Green will both join the UK desk to help Toby Thompson and Steven Whittaker on their respective UK vehicles.

Meanwhile, BDT fund manager David Cornell joins the emerging markets desk, an area where New Star founder John Duffield has a desire to grow the firms’ offering.


Bank manager jailed after raiding dormant accounts

A bank manager who stole over £40,000 from dormant accounts has been jailed for 14 months.Lee Nerwick, 31, admitted a series of false accounting charges when he appeared before Ipswich Crown Court.The court heard that Nerwick, who was the manager of Barclays Bank in Southwold, identified dormant accounts where customers had moved abroad.Prosecutors said he […]

CAR is the driving force for the future

Friends Provident’s withdrawal from the intermediary market is no recent development – it has been happening gradually for years, starting with the unilateral stakeholder-isation of all personal pensions written by its once supporting IFAs throughout the 1990s.

Brown drew up framework and must take blame for failings, says Cameron

Conservative leader David Cameron believes that the regulatory failings exposed in the FSA’s internal report can be traced back to Gordon Brown.During Prime Minister’s Questions last week, Cameron attacked Brown for not admitting the serious failings uncovered by the report.He said: “I know that the Prime Minister created the regulatory system but he needs to […]

New firm could take 7IM stake

Speculation is mounting that another firm is to take a stake in Seven Investment Management in a move that could see Zurich dilute its current 49 per cent holding.

Europe: why persist with value today?

By Rob Burnett, Neptune’s Head of European Equities The Neptune European Opportunities Fund remains committed to a value bias. We see a broadening array of opportunities in diversified industries at compelling valuations today. The most complicated part of the market is the European banks. We are currently overweight in this sub-sector as many banks are […]


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