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Artemis fund raises US exposure

Artemis Investment Management fund manager Simon Edelsten has raised his US equity exposure in the £15m global select fund in a bid to tap into the US economic recovery.

Edelsten has increased US exposure from 30 per cent to 50 per cent since October. He has added a number of new financials positions, including 2 per cent in American Express, 2 per cent in JP Morgan and 1.5 per cent in wealth manager Northern Trust. He has also added a 1.5 per cent position in retailer Coach Handbags and 2 per cent in railroad company Union Pacific.

Edelsten says: “We started adding into stocks that are a bit riskier and cyclical, such as Northern Trust, which is geared into economic recovery and the recovery of financials.”

Investment Quorum chief investment officer Peter Lowman says: “We as a wealth manager have also been increasing our allocation to the US stock- market on the back of positive data coming out of the US.”



Lifemark vote kick-starts liquidation process

The liquidation process has been triggered for Lifemark after bondholders voted in favour of a controlled liquidation of the troubled life settlement vehicle behind Keydata products. Bondholders for 21 out of 25 of the Lifemark issues have voted to begin the process to liquidate the Luxemburg-based Lifemark portfolio. The proposal was voted through at a […]

Martin Werth: Reality has struck the protection market

Last month I said that after December 21, protection will never be as cheap again. As at February 14, there are 217 working days to uni-sex pricing.  Allowing for 10 days lost for the Olympics, you’re down to 207.  But in reality there’s less time as no quotes or pipeline applications on single sex rates […]

Neptune India: three stocks we’re buying & the one we’re not

By Kunal Desai, Head of Indian Equities The Neptune India Fund’s investment process serves as a key differentiating feature of the portfolio versus its peers, contributing to its significant outperformance under Manager Kunal Desai’s tenure. Focusing on industry disruption, accounting quality, liquidity and corporate governance, Kunal sets out three stocks that he’s buying in the […]


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