Newly floated so I have been watching this one. It did not need to raise cash and the company has performed well for its investors but the shares fell soon after the float. now they are rising again I'm tempted--anyone else bought some??

No doubt the current hysteria hitting the financial sector has much to do with the move.It appears however to be based on relatively little selling,so that must be some sort of positive.

an article from todays' Sunday Telegraph.
The article refers to a closing price on Friday of 0.3p
Should have been 1099,a fall of 0.3p.
St any rate,it is sure to stir up interest yet again.


Henderson in pole position to buy New Star
Fund management group Henderson Group has emerged as the favourite to buy beleaguered rival New Star Asset Management after being granted exclusive negotiating rights to secure a deal.

By Katherine Griffiths and Richard Blackden
Last Updated: 9:53PM GMT 24 Jan 2009

New Star said last week that it remains in talks about a possible sale of the group, and Schroders is known to have tabled an offer for New Star thought to be worth more than 100m.

Neptune Investment Management is also believed to have made an offer.

The investment house is being sold on behalf of its new shareholders, a cluster of lenders made up of HBOS, Lloyds TSB, HSBC, Royal Bank of Scotland and National Australia Bank.

A debt-for-equity swap and a delisting of New Star's shares was agreed back in early December in order to stop New Star imploding under its own 240m of debt.

Asset managers across the world have been hit by tumbling equity markets the FTSE 100 lost 31pc last year, the Dow Jones Industrial Average sank 34pc and Japan's Nikkei 225 declined 42pc as some investors decided to withdraw their money.

Henderson said in November that its funds under management slipped 3pc to 51.2bn in the third quarter, but added it had seen net inflows of 800m in the period.

The turmoil in the markets is prompting consolidation in the fund management industry. Late in December last year
Aberdeen Asset Management bought the UK asset management business of Credit Suisse Group for 250m, turning itself into the country's largest independent fund management business.

Schroders had been seen as the front-runner for New Star because of its cash surplus of about 700m. A rapid resolution to the sale process is likely to be welcomed as it would end uncertainty among New Star's clients about the future of the group. New Star said in November that its assets under management has tumbled to 14.3bn from 19.8bn at the end of June.

The speed of the collapse of New Star has shocked the City given the group's earlier success.

Established in 2001 by City heavyweight John Duffield, at one point News Star sold products to 10pc of retail investors in the UK and was one of the country's best-known investment brands.

Last week, New Star laid out the timetable for the de-listing of its shares from the London Stock Exchange and called a general meeting for February 10.

Shares in New Star closed at 0.3p on Friday, giving the group a market value of just 5.4m. The shares crashed 99pc during the course of 2008 as investors pulled money from some funds. At their peak in July 2007, the shares hit 485p.

The Family Assurance Friendly Society in September pulled 1.4bn from New Star and in November New Star suspended redemptions from its International Property Fund. In December, New Star froze its Heart of Africa fund - valued at 29m - because of illiquid Sub-Saharan markets.

Mr Duffield rose to prominence when he created Jupiter Asset Management in the mid 1980s and subsequently sold it to German bank Commerzbank. He made about 175m from the sale and subsequently founded New Star.

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Notification regarding New Star





TIDMHGG TIDMNSAM

RNS Number : 2076M
Henderson Group plc
25 January 2009

?


Notification regarding New Star Asset Management Group PLC


25 January 2009


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION.


Henderson Group plc ('Henderson Group' or 'the Group') notes the recent
speculation regarding a potential transaction involving the Group and New Star
Asset Management Group PLC ('New Star'). Henderson Group confirms that it is in
discussions with New Star regarding a possible transaction, including a possible
offer for New Star by the Group. There can be no certainty that any transaction
or offer will be forthcoming.


Irrespective of any transaction or offer made, the Henderson Group Board intends
to recommend a total dividend in relation to 2008 of 6.1 pence per share,
equivalent to the total dividend paid in respect of 2007.


Further announcements will be made in due course, as appropriate.

Offer for New Star Asset Management plc

what is the offer for shareholders? is there one ?

2p for ordinary holders??

thanks skinny didn't see that particular .pdf with the info clear as day.
anyone think that there may be other offers forthcoming?

It seems as though 2p is almost a done deal.Best to wait for that,as the selling price at the mo is only 1.8p