New Star recruits Deanne Parry Jones and Lucy Hammerbeck for International Property team

• New Star adds resources to New Star International Property Fund team
• Deanne Parry Jones joins New Star as European asset manager
• Lucy Hammerbeck joins New Star as Asia Pacific asset manager

New Star Investment Funds is delighted to announce that both Deanne Parry Jones and Lucy Hammerbeck have joined New Star to further strengthen the New Star International Property Fund team.

Deanne, who joins New Star from REIT Asset Management, has more than seven years' experience providing financial analysis on proposed purchases and existing investments in the UK, Germany, Scandinavia and India. Deanne was also a portfolio manager for 312 Boots stores throughout the UK and has extensive experience in property strategy and portfolio management.

Lucy has more than eight years' experience in commercial real estate of which the past four years have been spent in Asia. Prior to joining New Star, Lucy worked for AIG Global Real Estate Investment (Asia) LLC as a senior asset manager for its North Asia (exc. Japan) Portfolio.

Joining the New Star International Property Fund, Deanne and Lucy will report to Roger Dossett, chief executive of property asset management at New Star.

Roger says:

'I am delighted that Deanne and Lucy have joined New Star. Their wealth of experience will significantly strengthen our European and Asian property teams. Lucy and Deanne's arrival coincides with the launch of the New Star International Property Fund. We envisage strong growth for this fund, having experienced a high-level of demand from investors and the intermediary market.'

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For further information please contact:

Ben Robinson               New Star                     020 7225 9294
Jamie Legg                  New Star                     020 7225 9567
Richard Wilson             New Star                     020 7225 9575
Karen Wagg                 Polhill Communications 020 7655 0540
                                                                        
                       

Important information

• New Star, one of the UK's fastest growing fund management companies, was founded in June 2000 by John Duffield, previously the founder of Jupiter Asset Management, which he built into one of the most successful retail investment businesses in the UK.
• New Star currently has a range of 37 UK retail funds including UK and international equity growth, UK equity income, bond, UK and international property, global and regional funds of funds, investment trusts and global financial products. New Star also has established international, institutional, hedge fund, private equity and private client businesses.
• New Star has won the Citywire Team All Stars Award for each of the last three years - 2004, 2005 and 2006. New Star was voted winner for consistent performance on a risk-adjusted basis across 15 key IMA sectors. 
• New Star employs more than 350 people and has offices in London, Dublin, Bermuda, Madrid, Zurich and Hong Kong. 
• At 22 May 2007 the group's total funds under management stood at £24.8 billion.

Past performance is not necessarily a guide to future performance.

New Star Investment Funds is the trading name of New Star Investment Funds Limited, part of the New Star Marketing Group. New Star Investment Funds is not authorised to give investment advice and only provides information on New Star products. For your protection, calls may be recorded and monitored. Issued by New Star Investment Funds Limited, authorised and regulated by the Financial Services Authority.

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