New Star

Guy de Blonay's defection to Jupiter raises serious concerns about the integration of Henderson and New Star, Chelsea Financial Services' Darius McDermott believes.

Many moons ago, I mentioned in this column my leisurely lunch one fine summer's day with Mr Ed Moisson from Lipper, during which we discussed the costs involved with fund management.

The high yield bond market has been one of the better performing asset classes during 2009, delivering both a high income and capital gains.

Henderson New Star has appointed Ainslie McLennan to work alongside Marcus Langlands Pearse on the £635m New Star UK Property fund.

Henderson New Star has received FSA and unitholder approval for the merger of a number of funds in the New Star UK equity range.

Signs of economic recovery will create an attractive investment environment for high yield corporate bonds, Henderson New Star's James Gledhill says.

Henderson New Star chief economist Simon Ward says patterns in previous recessions suggest the depth of the current downturn may have been overstated.

A fund manager who claimed bullying was rife at his former employer New Star Asset Management, founded by City veteran John Duffield, has won the right to pursue a claim for compensation at an employment tribunal.

Former New Star multi-manager Clare Bryant has joined investment consultants Mercer as a European equity researcher.

Henderson Group has retained a better than expected 77% of New Star fund assets but warned first half profits will be half the level of a year ago.