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New Star rethinks roles for AAM funds

New Star is teaming up former Aberdeen Asset Management fund manager Neil Campling with ex-colleague John Pullar-Strecker to manage the technology funds it recently acquired from AAM.

The firm is also switching managers which it had previously announced would run the other funds bought from AAM in January.

Campling, currently working in the US after eight years with AAM, will be second manager of the £400m tech fund under Pullar-Strecker. He is also expected to co-manage the smaller European tech fund.

The management changes will see Theo Zemek – rather than James Gledhill as previously announced – manage the £1.1bn fixed-interest fund.

Gledhill will become second manager on this fund and will run both the high-yield bond and extra high-yield bond funds. Phil Roantree, who joined New Star as part of the AAM deal, will be lead manager on the sterling bond fund, which Zemek was originally selected to manage. She will now become second manager.

New Star has also appointed Mark Sanders from AAM as senior fixed-income manager under Gledhill.

Marketing director Rob Page says: “We re-evaluated the expertise we have and decided this was the best way of organising things.”

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