{"id":6286,"date":"2007-07-06T00:00:00","date_gmt":"2007-07-06T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"new-star-to-launch-property-hedge-fund","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2007\/new-star-to-launch-property-hedge-fund.html","title":{"rendered":"New Star to launch property hedge fund"},"content":{"rendered":"<p>Reuters- New Star Asset Management said on Wednesday it was planning to launch a property securities hedge fund in the last quarter of 2007 with a capacity to short as well as buy the market.<\/p>\n<p>  New Star (NSAM.L: <a href=\"..\/stocks\/quote?symbol=NSAM.L\">Quote<\/a>, <a href=\"..\/stocks\/companyProfile?symbol=NSAM.L\">Profile<\/a>, <a href=\"..\/stocks\/researchReports?symbol=NSAM.L\">Research<\/a>),  whose 2 billion pound UK-focused bricks and mortar fund is one of the UK&#8217;s top-selling funds, said it had hired Robin White from boutique investment firm Rock Capital to manage the new fund.<\/p>\n<p>  White will join the company in September 2007, New Star said in a statement.<\/p>\n<p>  A spokesman for New Star said the timing of its new fund launch had &#8220;nothing to do with the state of the UK commercial property market&#8221;, where returns are widely expected to slow after an extended  boom, hitting the performance of British property shares and real estate investment trusts (REITs).<\/p>\n<p>  &#8220;The product bridges the gap between two parts of our business,&#8221; he said, citing the firm&#8217;s direct property and equity investment arms. &#8220;It&#8217;s a natural fit for our product range.&#8221;<\/p>\n<p>  <a href=\"http:\/\/feeds.feedburner.com\/~a\/reuters\/UKFundsNews?a=eCgLXt\" target=\"_blank\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~a\/reuters\/UKFundsNews?i=eCgLXt\" border=\"0\"><\/a><a href=  \"http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~3\/130674193\/idUKNOA52508820070705\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters- New Star Asset Management said on Wednesday it was planning to launch a property securities hedge fund in the last quarter of 2007 with a capacity to short as well as buy the market. New Star (NSAM.L: Quote, Profile, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6286","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=6286"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6286\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}