Newspaper article from our research archive:
|
|
Falling star that has lost much of its sparkle; John Duffield's [pounds sterling]25m holding in New Star has suffered after shares plummeted to under a pound.
- Article from:
-
The Daily Mail (London, England)
- Article date:
-
March 21, 2008
|
Copyright informationCOPYRIGHT 2008 Solo Syndication Limited. 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: Brian O'Connor
JOHN Duffield's New Star Asset Management is counting the costs of aspell of underperformance which has wiped 80pc off its stock market value.
While some of its problems can be blamed on market turbulence, clients havepulled out [pounds sterling]600m since January.
There are fears of predators such as Aberdeen Asset Management circling.
All of this has wiped some of the shine off Duffield, a legendary figure whomade his first fortune at fund manager Jupiter, selling it to Germany'sCommerzbank for [pounds sterling]680m after a public row about the price. His former secretarymade [pounds sterling]1m from the sale.
He built a second ...
Related newspaper, magazine, and journal articles:
|
Workers thanking their lucky Star for [pounds sterling]340m share...
The Daily Mail (London, England);
March 31, 2007 ;
375 words
......trebled to [pounds sterling]50m. They...another [pounds sterling]127m in June when New Star hands back...clients, New Star will take on [pounds sterling]300m debt...property fund. New Star, floated...valued at [pounds ...
|
|
Workers thanking their lucky star for [pounds sterling]340m share...
Daily Mail (London);
March 31, 2007 ;
448 words
......trebled to [pounds sterling]50m. They...another [pounds sterling]127m in June when New Star hands back...clients, New Star will take on [pounds sterling]300m debt...property fund. New Star, floated...valued at [pounds ...
|
|
New Star loses [pounds sterling]11m.
Financial News;
November 16, 2003 ;
326 words
......Covington, New Star chief executive...out that [pounds sterling]7.1m had...Companies House, New Star said turnover...16.7% to [pounds sterling]20.5m in...2.8m and [pounds sterling]1.7m of exceptional costs. New Star spent [pounds ...
|
|
Henderson eyes ailing New Star.
The Mail on Sunday (London, England);
November 16, 2008 ;
420 words
......stumbling block remains New Star's [pounds sterling]236 million of debt...almost 16 per cent at New Star . It has only [pounds sterling]15 million of net...insurance group Pearl. New Star's flagship [pounds sterling]1.1 billion UK ...
|
|
New Star fund guru's bonus goes supernova.
The Daily Mail (London, England);
June 12, 2004 ;
306 words
......Duffield's New Star Asset Management...a stunning [pounds sterling]3.16m bonus...the feat with New Star, which aims...September with a [pounds sterling]400m valuation...included, it lost [pounds sterling]13.2m. New Star management...
|
|
Bailout boost for Star's stockpickers; Sign of the times: New Star's...
The Daily Mail (London, England);
December 4, 2008 ;
407 words
......will receive [pounds sterling]6m of high...to 5pc in New Star. The rewards...quarters of New Star immediately...also receive [pounds sterling]96m of preference...tenths of New Star. Staff will get [pounds sterling]6m of the...
|
|
New Star's Duffield picked the right time to get out; That's rich:...
The Daily Mail (London, England);
November 27, 2008 ;
424 words
......of a broader [pounds sterling]340m share placing...turned a raft of New Star stockpickers...worth a paltry [pounds sterling]36m. Trading in the New Star's flagship real...share placing, New Star borrowed [pounds sterling]300m to pay for...
|
|
New Star deal eases worries over survival.
The Daily Mail (London, England);
November 15, 2008 ;
248 words
...NEW Star Asset Management...governing its [pounds sterling]220m debt mountain...will slice around [pounds sterling]20m a year from...will go, leaving New Star with a 320 strong...sterling]6bn to [pounds sterling]14.3bn as of Thursday...from grace for ...
|
|
Fallen New Star is starting to shine; Duffield: Reforms are working.
The Daily Mail (London, England);
July 12, 2008 ;
585 words
......July 2008, worth [pounds sterling]966. But two of New Star's largest funds...Duffield. First is the [pounds sterling]477m New Star UK Growth fund run...you've now got[pounds sterling]720. A spokesman for New Star says: 'Since the...
|
|
New Star in [pounds sterling]47m shares gift to bosses.
The Daily Mail (London, England);
May 31, 2008 ;
193 words
......BATTERED fund manager New Star is issuing [pounds sterling]47m worth of new...which could cost [pounds sterling]10m a year. In July 2007, New Star shares were 485p...shave around [pounds sterling]10m offannual profits. New Star says ...
|
|
New Star's light dims.
The Daily Mail (London, England);
November 29, 2008 ;
700+ words
......have pulled [pounds sterling]75m out in the...In response New Star's shares fell...to set in at New Star when its flagship [pounds sterling]1.2bn UK Property...market forces New Star to slash its [pounds sterling]2bn property...
|
|
City star sells shares for [pounds sterling]5m divorce.
The Evening Standard (London, England);
September 26, 2006 ;
219 words
......JOHN DUFFIELD'S New Star Asset Management...are cashing in [pounds sterling]46 million of...landed with a [pounds sterling]5 million divorce...cashing in almost [pounds sterling]15 million worth...Melissa collecting [pounds sterling]5 million of...total ...
|
|
Is John Duffield fired up for a NewStarwar? A [pounds sterling]600M...
The Mail on Sunday (London, England);
October 9, 2005 ;
700+ words
......the 4,000 New Star shares he...2003 for [pounds sterling]1 each. Those...be worth [pounds sterling]800,000 or...departure, New Star seized back...Authority. New Star contributed to a [pounds sterling]194 million...
|
|
Debt too much for New Star.
The Daily Mail (London, England);
December 2, 2008 ;
700+ words
......timed, but it left New Star illprepared for...group took out a [pounds sterling]300m loan to pay...agreements, allowing New Star's banks to raise...now stands at [pounds sterling]22m, giving it...Duffield launches New Star Nov 05: Fund manager valued at ...
|
|
NEW STAR ASSET MANAGEMENT GROUP PLC - Half-yearly Report.
PR Newswire UK Disclose;
August 29, 2008 ;
700+ words
......billion against [pounds sterling]10.6 billion...bright spots. The New Star International...which raised [pounds sterling]50 million in total, the New Star UK Alpha Fund, which raised [pounds sterling]45 million, the New Star Heart of ...
|
See all results.
Or, try our
Advanced Search.
|