UK fund manager enters Hong Kong

With an umbrella fund now authorized, boutique New Star is assembling distributors.

New Star International, a boutique fund manager based in the United Kingdom, has just received authorization from Hong Kong's Securities and Futures Commission to promote an umbrella fund of equity and fixed-income products here. New Star is now in the process of sorting out distribution via private banks and independent financial advisors.

In particular it wants to establish an exclusive relationship with one of the major commercial banks in Hong Kong to jointly promote the new offering. Philip...

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