Magazine article from our research archive:
|
|
New Star suffers drop in property portfolio value.
- Article from:
-
Investment Adviser
- Article date:
-
December 17, 2007
|
Copyright informationCOPYRIGHT 2007 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Company is latest victim of slide in sentiment currently crippling UK commercial property market
New Star Asset Management became the latest firm to suffer a fall in the value of its UK property portfolio last week.
The value of underlying assets held by the AGBP2.1bn New Star UK Property fund was reduced by 8.2 per cent by the fund's independent arbiter, CB Richard Ellis.
Following a capital fall of 9.6 per cent in the previous four months, last week's depreciation brought the fund's overall capital fall since the end of July to 17.8 per cent.
Rob Page, marketing director at New Star, said the drop in value reflected a wider deterioration in sentiment ...
Related newspaper, magazine, and journal articles:
|
New Star suspends property fund withdrawals.
Investors Chronicle - magazine and web content;
November 26, 2008 ;
267 words
......follows last week's attempt by New Star to get its house in order...profile property unit trusts, New Star's GBP674m International...excellent performance of UK property funds in previous years...adverts promising a world of new investment opportunities...investors who had ...
|
|
NEW STAR ASSET MANAGEMENT GROUP PLC - Statement re New Star UK Property...
PR Newswire UK Disclose;
December 10, 2007 ;
652 words
......Star Investment Funds Limited New Star UK Property Unit Trust Since mid-summer...liquidity of these funds. The New Star UK Property Unit Trust (the Fund ) is...switching of units in the New Star UK Property Unit Trust. As a result, ...
|
|
New Star sees more property falls ahead.
Investment Adviser;
March 31, 2008 ;
412 words
......Langlands Pearse, director of UK property at New Star, warned that the sector...value of the portfolio of New Star's GBP1.5bn UK Property fund by 0.8 per cent, a...their February commentary, New Star UK Property fund managers Roger Dossett...
|
|
New Star sells property for AGBP18.5m less than purchase.
Investment Adviser;
February 25, 2008 ;
401 words
...Byline: UK Property trust sells Commerzbank...shrinking portfolio The New Star UK Property trust has sold its...portfolio. According to a New Star spokesman, the fall...other property funds, New Star has yet to impose a...buyers from both the UK and ...
|
|
Rumours of New Star takeover of Rothschild; Fund manager refuses to be...
Financial Adviser;
October 16, 2002 ;
336 words
...By Simoney Girard Acquisitive New Star is trying to buy NM Rothschild, according...managers and investment IFAs believe that New Star, which has been thwarted over some recent...retail at Foreign & Colonial, said New Star was ready to grow. He said: New Star needs...
|
|
New Star Asset Management Hopes to Eclipse Rival Investment Houses.
Knight Ridder/Tribune Business News;
June 5, 2001 ;
700+ words
......posters announcing the imminent arrival of New Star Asset Management hit the streets on Friday...investors, encourages consumers to follow a new star' in the investment galaxy. The launch...individual funds may be questioned by some. But New Star Asset Management says it can deliver ...
|
|
From a New Star giant to supernova.
Financial Adviser;
July 27, 2006 ;
700+ words
......stars at London's Planetarium at launch of New Star Asset Management, the creation of the...Holmes's old abode, details of the first New Star retail funds were unveiled. They were...Despite a cluttered unit trust market, New Star's debut was at the time heralded by most...
|
|
New Star rapidly becoming a Death Star A debt-for-equity swap and possible...
The Sunday Telegraph London;
December 7, 2008 ;
700+ words
......generated at Jupiter over too short a period. New Star has recently attracted criticism for its decision...shareholders. A large chunk of the payout went to New Star's fund managers. Mr Duffield himself and trusts...5pc. The sequence of events was fortuitous for New Star's ...
|
|
Quickfire New Star Buy Could Bag a Bargain
Daily News;
December 12, 2008 ;
472 words
...LONDON (Reuters) - New Star Asset Management could find a buyer...shareholder meeting, sources close to New Star said. A deal may value the group at...Jason Streets at Evolution Securities. New Star's founder and Chief Executive John Duffield...
|
|
New Star marking soaring start.(New Star Asset Management Ltd.)(Brief...
Financial Adviser;
August 3, 2006 ;
303 words
...New Star has reached its fifth anniversary in the...bonds and commercial property. In 2003, New Star reached AGBP1bn in gross retail sales and...management. Mr Duffield, founder and chairman of New Star, puts the investment house's success down...
|
|
Boost for New Star as it considers float.
Investment Adviser;
May 9, 2005 ;
289 words
...Speculation on the prospective launch of New Star onto the Alternative Investment Market...Management. John Duffield, chairman for New Star, founded Jupiter Asset Management in 1985...employees of Jupiter broke off to found New Star in 2001. Lipper research shows that at...
|
|
Fund managers circling New Star as it thrashes out a deal ; INVESTMENT
Evening Standard - London;
December 3, 2008 ;
297 words
...NEW Star Asset Management was today in last-ditch...Central to the negotiations is the future of New Star's best fund managers, who Duffield and...from rival fund managers looking to pick New Star on the cheap off the banks. New Star has...
|
|
New Star sticks to property.
Investment Adviser;
April 21, 2008 ;
144 words
...Byline: Catherine Neilan UK property remains a compelling investment case...underlying assets in good health, according to New Star Asset Management. Stuart Webster, head of global property at New Star, said although the UK had experienced...
|
|
New Star buries ill-starred split-cap foray While asset manager savages...
The Independent on Sunday;
July 20, 2003 ;
573 words
......into the split-capital trust scandal, New Star Asset Management is quietly putting into...around pounds 55m in just two years. The New Star Enhanced Income Trust is holding an extraordinary...appointed. The fund's collapse comes as New Star launches an advertising campaign ...
|
|
HSBC Exec Joins New Star to Run Hedge Fund Business
Daily News;
June 14, 2002 ;
173 words
...LONDON (HedgeWorld.com) - New Star Asset Management hired Charles Tritton, head of...growing hedge fund business. Mr. Tritton will join New Star in July. While at HSBC, he assisted New Star with the structuring of its three rising-floor principal...
|
See all results.
Or, try our
Advanced Search.
|