New Star's operational model involves outsourcing to 'best of breed' third party fund managers where we feel they can add value. The private client operation has a service agreement with Raymond James Investment Services to provide comprehensive back and middle office services. New Star utilises Raymond James' settlement and custody capabilities through its appointed clearing broker, Pershing Securities Limited, a subsidiary of the Bank of New York, one of the world's leading custodians. These relationships reflect our determination to deliver outstanding investment services within an efficient structure and secure custody.
The New Star Private Client team retains the responsibility for providing investment management, determining client suitability and for providing day-to-day portfolio management and client interface.