Months After New Star’s Fall, Duffield Returns
| April 18th, 2009 | ||
| The Telegraph reports that John Duffield is returning to the fund management business just weeks after New Star, the troubled fund manager that he founded in 2001, was purchased by the Henderson Group. New Star collapsed in January with approximately $350 million in debts after heavy investment losses and redemption requests. The new firm will be called Hyde Park Asset Management and will start-out managing Mr. Duffield’s personal wealth. Eventually the firm plans to manage assets for outside investors. | ||
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Related Article Tags: Investment Management, Fund Manager and General Financial News; Hedge Fund Launches and Hedge Fund Closings
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