New Star

Patrick Evershed's case against former employers New Star took another turn today after it was revealed he signed an agreement to keep his fund open despite its increase in size.

New Star's lawyer has hit back at claims from former fund manager Patrick Evershed that up to 20 staff were signed off because of stress, claiming Evershed is not afraid "to exaggerate".

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...

John Duffield, the founder of New Star, will not be appearing in court during the case brought against his former company by Patrick Evershed.

Warnings about banks, eurozone concerns and a high profile job for an ex-New Star manager were among our best read stories this week.

Former New Star fund manager Jo Bamford has been appointed managing director of JCB Compact Products as he moves up the ranks at his father's firm.

Fund buyers have said Jupiter is still the fund group of choice for financials exposure following Philip Gibbs' decision to step back from the sector.

The management team of New Star's US institutional arm has joined forces with a Canadian asset manager to buy the business from Henderson.

John Duffield's New Star investment trust has revealed a holding in the Fundsmith Equity fund, managed by City financier Terry Smith.