Should you back the New Stars?

Fund management group New Star is on an advertising binge. But should you believe the hype and back its market-beating young managers?

Fund management group New Star is on an advertising binge. Bill boards throughout London are paying tribute to their own "New Stars" the young managers currently beating the markets.

Included among them is 27-year-old Jamie Allsopp, who took over the management of New Star's Hidden Value fund in October 2003. Since then, the £44m fund has done amazingly well: the FTSE All-Share has gained 44% and the average UK All Companies fund has gained 41%, but Allsopp has returned his investors 74%. It's impressive stuff, says Kathryn Cooper in The Times, but is Allsopp a true "wunderkind", or is this really no more than beginners' luck?

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Emma Thelwell

Emma is a former digital journalist with more than 15 years of experience in national news in the UK and overseas. She was an assistant editor at MoneyWeek, covering property, funds, alternative investments and the share tips pages, then Emma moved on to The Daily Telegraph, first as a personal finance reporter and then as a business reporter. 

Emma also worked as a finance correspondent for Ninemsn (Australia’s Channel 9 online) in Sydney, Australia for just over a year, and since then Emma has worked at Channel 4 News as a reporter and producer, and she spent more than 4 years at BBC online. At present Emma is a senior manager for content and thought leadership at PwC.