Discretionary management
A traditional segregated portfolio of individual stocks selected by a private client fund manager is unlikely to be the optimum structure for the private client. Such portfolios have typically been closely correlated to the markets and therefore have tended to move broadly in line with indices.
This approach generates positive returns in good market conditions but produces poor returns in bad times. We believe the responsibility for picking the best stocks in the market place, as opposed to the largest or best known, should be delegated to a focused group of experienced managers - investment professionals who have proved their mettle and have courage in their investment convictions.
New Star therefore assembles on behalf of its clients, actively-managed portfolios of both New Star and other carefully-selected third party funds.
