Clare Bryant has been promoted to lead manager on New Star’s 36m European portfolio, replacing head of fund of funds Mark Harris.
Bryant joined New Star in 2002 and was previously an analyst and fund researcher, specialising in European funds.
Her appointment means that the European fund is the only vehicle within New Star’s range of eight funds that is not managed by either Harris or his deputy Craig Heron.
The fund is ranked 32nd out of 86 funds in the IMA Europe excluding UK sector over three years.
Harris says: “Clare has an incredible aptitude for fund of funds’ management and, having worked with her for five years, I have every con-fidence she will continue the fund’s strong performance.
“Her meticulous attention to research and analysis and her ability to pick out the best funds and fund managers has earned her the right to manage this fund.”