Doubts grow on future of New Star managers

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Fears over the future of New Star's top managers are growing this morning as the troubled fund house...

Fears over the future of New Star's top managers are growing this morning as the troubled fund house remains silent on its future. The John Duffield-led group has been locked in discussions with its banking syndicate for days, in the hope to eliminate more than £230m debt with an equity swap. New Star, which has high-profile names such as European manager Richard Pease in its stable, is also rumoured to be takeover target for other fund houses. Aberdeen, Hendersons and Neptune are among the names said to be circling the manager, with Clive Cowdery's new Resolution vehicle also believe...

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