New Star declines direct role in Taiwan

James Campion has left New Star Asset Management in Hong Kong because the firm has decided not to pursue the retail market in Taiwan in favour of maintaining a purely institutional business in the region.In a letter to clients and business partners, Campion writes, ôI joined with the aim of building up the Asian retail mutual fund business for New Star but, more recently, there has been a shift in strategy at New Star which will result in a greater focus on the wholesale institutional…