New Star raises $180m for guaranteed hedge fund

New Star International Investment Products, the offshore arm of New Star Asset Management, has raised more than $180m (€199m) for its first capital guaranteed hedge fund.

The New Star Capital Guaranteed Hedge fund, the first in a fresh range of funds that New Star International will be launching, will be exposed primarily to UK equities. Alan Miller, chief investment officer of New Star, and Tim Steer, a UK equity analyst, will advise it.

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