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New Star poised for MBO of institutional arm

New Star is expected to begin a management buyout of its institutional business this week, reports say.

It is thought that the buyout will be led by Mark Beale and Richard Lewis, head and deputy head of the firm’s institutional fund management arm.

The duo were part of New Star’s founding team who joined in 2000 from WorldInvest. They are expected to head up a team of 16 and take more than £3.2bn of assets with them.

Details of the buyout remain unconfirmed by New Star but chairman John Duffield is expected to leave upon its completion.


Friends in high places

With worldwide interest cuts and investment trusts now able to invest tax-efficiently in corporate bonds, high-yielding corporate bonds are looking highly attractive to income-seeking investors as well as those looking for capital gains.

Home delivery

Dear Santa, I am writing to you with my Christmas wish list of all the things I would like to happen to the mortgage and housing markets in 2009.

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Auto-enrolment — don’t leave it too late…

With auto-enrolment (AE) well under way for the UK’s largest businesses, over the next three years an additional 800,000 smaller employers (with less than 60 employees) will start their journey to comply with the legislation. AE mandates all eligible employees and their respective employers to make regular pension contributions into a qualifying pension scheme. To learn more about the legislation read our brief Jelf AEase — simple steps to AE compliance guide.


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