Duffield launches comeback bid with Hyde Park

16 April 2009

John Duffield who founded Jupiter Asset Management in 1985 and New Star in 2001 has now launched Hyde Park Asset Mangement, a new venture, just days after the collapse of New Star.

The details of what the new company will be engaged in still a matter of conjecture but according industry sources the company may start off with managing Duffield's personal wealth. This may then attract other family offices before taking on retail funds. 

Duffield set up two of the UK's leading retail investment houses from scratch is now thinking in terms of a more stable business plan, such as private asset management business, according to industry sources.

New Star's former business director, John Jay is also learnt to be part of the new venture.

According to media reports Duffield has leased the 10th floor of the former New Star headquarters in Knightsbridge which was acquired by Henderson as part of a buy-out.

Duffield founded Jupiter Asset Management in 1985. He later sold a portion of it to the German bank Commerzbank, before the bank took over completely in 2000.