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  1. Wealth
April 16, 2009

Guardian: Duffield to start up another business

By Spear's

Serial fund management entrepreneur John Duffield is planning a comeback with a new asset management business, according to reports.

From the Guardian:

Serial fund management entrepreneur John Duffield is planning a comeback with a new asset management business, according to reports.

The multimillionaire, whose New Star fund management group was the subject of a rescue takeover by Henderson earlier this year, has hired office space in Knightsbridge, near his London home, and registered the name Hyde Park Asset Management, according to the Interactive Investor website.

The site adds that John Jay, a former Sunday Times City editor who worked for Duffield at New Star, is to be installed as chief executive of the new operation.

Duffield’s new venture represents a third start-up in Duffield’s fund management career. Prior to New Star he set up Jupiter, but sold it to Commerzbank, pocketing a rumoured £200m. He left shortly afterwards following a public row with the German bank.

To read the full story, visit guardian.co.uk

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