New Star launches global property fund

New Star Asset Management is to launch a global commercial property portfolio next year, which will hold physical property. The group is already in the early stages of building a global property team, which will work alongside the UK property team headed by Roger Dossett. New Star's global property fund is expected to be a unique fund in the market, given the complexities of establishing a global bricks-and-mortar property fund. It is likely both leveraged and unleveraged versions will be made available. The funds would initially be aimed at institutional investors, but a retail version is...