New Star is delighted to announce that it has won two individual fund categories and the prestigious overall award for Best Multi-Manager Group at the 2007 Professional Adviser Awards. In addition to the group award, the New Star Tactical Portfolio won Best International Multi-Manager Fund and the New Star American Portfolio won Best Specialist Multi-Manager Fund.
These awards follow strong performance across the New Star fund of funds range. Of the seven New Star funds of funds with a five-year track record, six are in the first quartile of their respective IMA sectors*.
The Professional Adviser Multi-Manager Awards recognise excellence within the multi-manager arena. The nominees were selected from a shortlist drawn from an initial quantitative process looking at three-year performance to 31 October 2007. The winners were selected by a panel of independent judges.
Ben Robinson, UK Press Officer at New Star, says: "To be nominated for so many awards and to win three, including best multi-manager group 2007, is testament to the strong and consistent long-term track record of Mark Harris, Craig Heron and the New Star fund of funds team."
New Star nominations at the 2007 Professional Adviser Multi-Manager Awards
| Award | New Star Nominee |
| Best Multi-Manager Group | New Star (winner) |
| Best Balanced Growth Multi-Manager Fund | New Star Managed Portfolio |
| Best International Multi-Manager Fund | New Star Tactical Portfolio (winner) |
| Best Specialist Multi-Manager Fund | New Star American Portfolio (winner) and New Star Asia Portfolio |
| Best Multi-Manager Research Team | New Star |
*Source: Lipper, mid to mid for OEICs, bid to bid for unit trusts, net income reinvested to 30 November 2007. First quartile means the fund is ranked in the top 25% of its IMA sector relative to its peers. The New Star Tactical Portfolio is in the IMA Global Growth sector, the New Star Active Portfolio is in the IMA Active Managed sector, the New Star Balanced Portfolio and the New Star Managed Portfolio are in the IMA Balanced Managed sector, the New Star American Portfolio is in the IMA North America sector, the New Star European Portfolio is in the IMA Europe excluding UK sector and the New Star Asia Portfolio is in the IMA Asia Pacific excluding Japan sector. The New Star Cautious Portfolio is in the IMA Cautious Managed sector; however, this fund was launched in October 2005 and does not qualify for a five year performance track record.
Past performance is not necessarily a guide to future performance.
