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Article: MULTI-MANAGEMENT: Algebra adding up for New Star.(New Star Asset Management Ltd.)(Brief article)
- Article from:
- Money Marketing
- Article date:
- April 24, 2008
CopyrightCOPYRIGHT 2008 Centaur Communications 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)
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New Star's multi-manager team is holding a specialist Middle East and North Africa fund across five of its multi-manager funds.
The Algebra alpha Mena fund from Dubai-based investment boutique Algebra Capital is held in New Star's active, balanced, cautious, managed and tactical portfolios. Key sectors for the fund are financial services, construction, petrochemicals & fertilisers and logistics & transportation.
New Star's multi-manager team sees the Mena region, which includes Saudi Arabia, Qatar and Oman, as a long-term opportunity due to factors such as good economic growth, infrastructure spending and expectations that the price of oil will ...