Henderson New Star

Crux Asset Management, the recently-launched boutique set up by European equity manager Richard Pease, has hired another former New Star and Henderson colleague Karen Zachary as chief operating officer.

Mark Little, an associate director in the discretionary sales team at Henderson Global Investors, is set to leave the company.

Former Ardevora partner Rob Page is to join Hermes Fund Managers as head of marketing and communications, as the institutional house pushes into the UK wholesale market for the first time.

Arno Kitts, co-head of global distribution at Henderson Global Investors, has left the firm by mutual consent.

Gregor Logan, the former joint chief investment officer of New Star, said a leveraged balance sheet and poor performance from flagship funds caused the demise of the asset manager.

Theo Zemek, the former CIO of New Star, will be allowed to appear on behalf of Patrick Evershed during his tribunal for unfair dismissal against New Star.

Patrick Evershed has claimed investors in New Star's Property fund lost millions of pounds after the group continued to advertise the fund despite warnings from its property team that prices were over-inflated.

Patrick Evershed has claimed his former boss John Duffield bullied and humiliated New Star staff including withdrawing an offer of sweets from managers having a bad period of performance, according to his witness statement lodged with an employment tribunal...

Ex-New Star fund manager Patrick Evershed has started his case for constructuve dismissal against his former employer.

Gartmore's annual results, released today, show £7.2bn of assets left the firm in 2010, compared to a net inflow of £300m in 2009.