Financial Times FT.com

New Star suspends dealing in Africa fund

By Kate Burgess

Published: December 11 2008 18:46 | Last updated: December 11 2008 18:46

New Star Asset Management added to its litany of woes on Thursday when it was forced to suspend dealing in its Heart of Africa fund.

The fund, which has £29m of assets and was launched in the summer of 2007, has suffered from investor redemptions and poor liquidity in its investments in sub-Saharan Africa.

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