CityWire.co.uk – Top fund managers have piled into Bulgarian Property Developments (BPD) in a share placing to raise £75 million to develop several property sites in Bulgaria.
New Star’s Paul Craig is one manager who has taken advantage of the share issue, taking a new 3.76% stake in his New Star Global Strategic Capital fund (New Star Global Strategic Capital). He has also taken a 2.51% position in his New Star UK Strategic Capital Growth fund (New Star UK Strategic Capital).
Craig’s colleague, AAA-rated Guy de Blonay, is also a fan of BPD (BPD) taking a fresh stake in the firm worth 1.38% for his New Star Global Financials fund (New Star Global Financial Ret).
