New Star shares plunge amid bank talks

Shares in New Star Asset Management, one of the UK’s best-known fund managers, plunged nearly 43% on Monday as analysts warned it had just days to agree a deal with its banks to avoid potentially devastating outflows of its funds. The FTSE-listed group announced before the market opened that it was in talks with UK banks HBOS,……
Original Source: ftalphaville.ft.com

  1 de December , 2008| hedgefunds | @ 21:49

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