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Whittaker appointed manager of New Star’s equity income unit trust

Stephen Whittaker has been appointed to manage New Star’s equity income unit trust.
Whittaker, who is New Star’s joint chief investment officer, already manages the firm’s UK growth fund.
He takes over from Tim Bray who will focus on the management of New Star’s institutional business.
New Star managing director of UK retail sales and marketing Phil Wagstaff says: “Stephen’s appointment gives a greater focus to the management of the New Star equity income unit trust. His strong track record and experience of UK equity income investment will serve in the best interests of the fund’s investors.
“Stephen’s ‘growth-tilt’ approach on the New Star equity income unit trust broadens New Star’s equity income proposition. This includes the £600m New Star higher income fund, which is managed by Toby Thompson who employs an ‘out-and-out income’ investment style.”

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