New Star is planning to merge its £28.2m Tri Star Unit Trust into the £47.6m Cautious Portfolio Unit ...
New Star is planning to merge its £28.2m Tri Star Unit Trust into the £47.6m Cautious Portfolio Unit Trust, run by Craig Heron. The group said the merger would improve the flexibility of the investment mandate and provide greater diversification by asset class and geographical area. It will also give investors access to a range of specialist managers because the Cautious Portfolio is a fund of funds. The vehicle’s investment policy was changed recently so it no longer had to produce income, as the group said this requirement had been restricting the manager and stifling returns. The ...
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