New Star International Property - A bittersweet year for Webster

With hindsight, June 2007 was hardly the time to be launching a property fund. Within a month, the credit crunch would be taking a massive bite out of UK and European commercial property valuations, which had run ahead hugely in the previous few years. But for Stuart Webster, manager of the New Star International Property fund - launched June 2007 - an international focus has saved the day, and the fund reached its first birthday boasting positive returns over the year - a feat largely unmatched by any type of fund, let alone those specialising in the property sector. "I would rather se...