Comment: New Star is down, and ripe for a buyout

Investors in John Duffield's London funds house have had little to cheer about over the last year, but as its share price languishes well below historic highs, a bidder could yet reap some rewards.

Its share price peaked last July at 485p. Today they stand at 103p, 79% down from its peak. The majority of its funds are underperforming their peers and it has suffered billions of pounds in outflows.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire