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Artemis becomes latest fund firm targeted by scammers

Artemis Investment Management is the latest fund manager to be targeted by scammers after a number of shareholders got calls from people claiming to be brokers.

The calls were in regard to acquiring shares in Artemis VCTs at a significant premium in exchange for a bond.

Artemis says at least five of its clients have contacted the firm after getting calls. In a statement on its website, Artemis says the offer is not genuine.

A spokesman says: “We are not sure if this is fraud or ano-ther boiler room scam but we urge anyone who has been contacted and offered this deal to contact the police or the FSA.

“These people are offering VCTs in exchange for a bond, a deal which cannot be made. It appears that someone has got hold of a register of our clients and it appears to be a growing concern in the industry.”

Thames River Capital, Schro-ders, Rathbones, Octopus Investments, Royal London Asset Management and Fidelity have also been targeted by fraudsters.


St James’s Place looks to double assets over the next five years

St James’s Place chief executive David Bellamy says the firm expects to double its funds under management over the next five years. SJP has seen its funds under management increase by £5.6bn in 2010 to reach a high of £27bn. He says: “Our business model has meant the run rate of asset growth has tended […]


A house divided

Prime Minister David Cameron and housing minister Grant Shapps are in a tug-of-war over mortgage policy. Shapps is focusing is on long-term stability in the property market and a gradual reduction of house prices in relation to wages while Cameron has called for a return to “respectable lending” from banks to get the market moving […]

Providers agree 11 day re-reg timescale

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Property principles

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International jurisdictions

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