Last checked at 
18 Nov 2009 17:20
NEW STAR INVESTMENT TRUST PLC INTERIM MANAGEMENT STATEMENT
Unaudited Interim Management Statement
for the quarter ended 30th September 2009
This is the Company's interim management statement for the quarter ended 30th September 2009. The statement is being made solely to comply with the requirements of the UKLA's Disclosure and Transparency Rules and should not be relied upon by third parties for any other purpose.
Investment Objective
The Company's objective is to achieve long-term capital growth.
Benchmarks
The Board has agreed that to measure the extent to which the Company is achieving its investment objective, reference should be made to the returns of the FTSE World Index and the FTSE All-Share Index.
Financial Summary
30th September 2009 30th June 2009 Net asset value per share (bid) 91.7p 82.7p Net assets (bid) GBP65,129,000 GBP58,746,000 Share price 64.3p 58.0pFinancial performance Quarter ended Financial 30th September 2009 Year to date Ordinary Share NAV 10.8% 10.8% Share price 10.8% 10.8% FTSE World Index (sterling adjusted) 21.7% 21.7% FTSE All-Share Index 22.3% 22.3%Ten largest holdings Value at % of Net Assets 30th September 2009 ( '000) Blackrock Gold and General Fund 4,946 7.6 Natixis Loomis Sayles Multisector 3,781 5.8Income Fund Investec Africa Fund 3,734 5.7 Occam Umbrella Asia Focus Fund 3,717 5.7 Lyxor Gold Bullion Securities ETF 3,400 5.2 New Star European Special Situations 3,000 4.6 Skandia UK Strategic Best Ideas Fund 2,994 4.6 M&G Optimal Income Fund 2,376 3.6 Artemis UK Special Situations Fund 2,289 3.5 Trojan Fund 2,262 3.5 TOTAL 32,499 49.8Portfolio Manager
The Company's portfolio manager is Mr Simon Akroyd. Mr Akroyd was appointed portfolio manager on 10 December 2008.
Board composition
On 30 October 2009 the Company announced that it has accepted with great regret the retirement of Mr James Roe due to ill health.
Investment Manager
On 30 October 2009 the Company announced that it has given notice to terminate New Star Asset Management Limited's appointment as its Investment Manager. Termination will occur on 31 January 2010 or earlier by agreement. On termination, Brompton Asset Management LLP will commence acting as the Company's Investment Manager.
Capital Structure
The Company has a simple capital structure consisting of Ordinary shares. There have been no changes to the Company's issued or authorised share capital which remains: 305,000,000 Ordinary shares of 0.01 authorised and 71,023,695 Ordinary shares of 0.01 issued.
Material Events
There have been no material events or related party transactions between 1st July 2009 and the date of this statement's publication, other than as disclosed above.
Further information on the Company, including fact sheets and annual and interim reports of the Company can be obtained from the Manager's website at www.newstaram.com
By order of the Board
New Star Asset Management LimitedCompany Secretary18th November 2009
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