New Star International is launching its New Star pan-European equity fund in response to investor’s high demand for high alpha funds.
The fund is subject to regulatory approval, but is set to launch between November 28 and December 9, 2005.
It will be a sub-fund of Dublin-based New Star Global Investments Funds.
The aim will be to generate alpha with emphasis on absolute return, investing in a single diversified portfolio of UK and continental European equities and equity-related securities.
The fund will be managed by Richard Pease and Stephen Whittaker, with Daniel White taking the lead management role.
IFAs will take 5.25 per cent intial commission and 1.75 per cent trail.