Guy de Blonay, manager of the New Star Global Financials fund, has confirmed that he will be moving over to Henderson Global Investors. (See Fund Strategy, March 9 issue.)
The departure of Tim Steer, manager of New Star’s UK Alpha Fund, to Artemis last week signalled that Henderson might struggle to keep hold of key New Star staff during ongoing merger negotiations.
News that de Blonay will definitely be making the move is likely to reassure investors in his fund who suffered a difficult time over the past 12 months.
“I believe that Henderson is fully committed in supporting my desire to improve fund performance to the levels achieved prior to 2008,” says de Blonay.
New Star managers wait on Henderson