New Star European Growth voted Best European (ex UK) Fund

The New Star European Growth Fund, managed by Richard Pease, has produced top-decile performance since launch (23.07.01), returning 116.04 % compared to a 64.82% return for the IMA Europe ex UK Sector.

The New Star European Value Fund, managed by Nick Sheridan, was also short-listed for this award having produced top-quartile performance over one, three and five years.

New Star is pleased to announce that it has won the prestigious ‘European’ category at this year’s Investment Week Awards. The award recognises the strong performance of the New Star European Growth Fund, managed by Richard Pease.

Richard Pease, who is AA-rated by Citywire, AAA-rated by S& P and AAA-rated by Forsyth-OBSR, has produced top-quartile performance over three and five years. Over five years, the fund has returned 116.04% compared to 64.82% return for the IMA Europe Excluding UK sector. Over this period the fund is ranked fourth out of 77 funds in its sector.

The New Star European Value Fund, managed by Nick Sheridan who is AA-rated by Citywire, was also short-listed in the European category. This award, and the New Star European Value Fund’s short-listing, confirms New Star’s status as one of the strongest European fund management teams in the UK.

Rob Page, marketing director, New Star Investment Funds, says: “This award is an endorsement of Richards’s stock picking skills and recognises what is widely regarded to be one of the leading European investment teams in the UK.”