AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
New Star Henderson managers take defensive stance.
Byline: James Kenny
Graham Kitchen and Andy Jones, managers of the GBP150m Henderson New Star Higher Income fund, are taking a more defensive stance with their portfolio following the fund's recent merger with New Star Equity Income.
The New Star Equity Income fund merged into the Higher Income fund following the takeover of New Star Asset Management by Henderson Global Investors.
Mr Kitchen said they were now adopting a more defensive strategy in contrast to its previous mandate.
He said the main reason for the merger was that, under New Star, both funds had different managers. Now they are both managed by one manager, it made sense to combine them, he said.
He added that, as both funds had broadly the same mandate, it did not seem logical to keep them running seperately, especially since Henderson has a much wider range of funds than New Star had.
"We've been managing the fund the last few months, and basically we've changed the portfolio to suit our macro view," he said. "Although lots of ...
- 'Equity income is set for continued success'. (News).(New Star fund manager...
- Magazine article from: Money Marketing January 16, 2003 700+ words
New Star income fund manager Toby...hit back at claims that equity income funds are in a bubble...dismissed suggestions that equity income funds would go the same...share prices. He said: "Equity income is not in a bubble. Just...
- UK equity income funds slide into relegation zone.
- Magazine article from: Money Marketing June 19, 2008 700+ words
...of seven funds from the UK equity income sector, comprising around...in the relegation zone. New Star equity income, managed by Stephen Whittaker...This is the first time that UK equity income has been so prevalent in our...
- Guidelines set to simplify equity income calculations.
- Magazine article from: Fund Strategy July 9, 2007 700+ words
Yields on equity income funds will become easier for investors...in the production of yields on equity income funds. These have been consulted...retail business development at New Star, says equity income fund providers calculate yield...
- Henderson merges five New Star funds.
- Magazine article from: Investment Adviser June 22, 2009 700+ words
...and is now run by Stephen Peak. On the equity income side, the New Star Equity Income fund merged into the New Star Higher Income...reduced to 13, including just three UK equity income funds. New Star Higher Income will be a more ...
- Q&A: New star looks onshore for performance boost.(Interview)
- Magazine article from: Fund Strategy January 29, 2007 700+ words
...Whittaker, manager of the New Star Equity Income fund, answers questions from...Jackson. Q: You took over the New Star Equity Income fund from Tim Bray on November 1, 2006. Why did New Star decide to make a change? A...
- New Star's Deptford looks to shake up assets in quest for performance.
- Magazine article from: Investment Adviser July 28, 2008 700+ words
Byline: James Kenny New Star's Charles Deptford, new manager of the GBP252m Equity Income Unit Trust, is planning...benefit investors in the New Star Equity Income Unit Trust." Mr Deptford joined New Star from Baring Asset Management...
- IN BRIEF: New Star portfolio is in new hands again.(Brief article)
- Magazine article from: Fund Strategy July 28, 2008 700+ words
...over as manager of the New Star Equity Income unit trust. Deptford, who joined New Star from Baring Asset Management...when managing the Baring Equity Income Fund. The basic style...After only a month at New Star, Deptford is planning...
- New Star welcomes three to equity team.
- Magazine article from: Investment Adviser April 14, 2008 700+ words
...Stephen Whittaker, manager of the GBP511.2m New Star UK Growth fund and the GBP264.6m New Star Equity Income unit trust, and Toby Thompson, manager of the GBP551.7m New Star Higher Income fund. Mr Duffield said...