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Artemis sells multi-manager business to Credit Suisse

Artemis has sold its 134m multi-manager Premier funds business to Credit Suisse Asset Management.

The umbrella fund of funds structure comprising 8 sub funds and the associated discretionary management service is expected to transfer to CSAM in May.

Artemis managing director Richard Turpin says Artemis has reconsidered its multi-manager strategy, and that the Premier Funds business is no longer core to its retail ambitions.

Turpin says: “I believe that investors who choose multi-manager products are best served by a business which is clearly focused and committed to expanding in this specialised area of the market.”

CSAM managing director Ian Chimes says: “This acquisition will substantially increase our multi-manager funds under management, demonstrating our commitment to the UK multi-manager market.”


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Vertex Data Science Ltd is to buy The Exchange parent Marlborough Stirling, subject to shareholder approval, in a deal worth 95.3m.Vertex is a wholly-owned subsidiary of United Utilities, a FTSE 100 company.The Marlborough Stirling Board unanimously recommends that Marlborough Stirling shareholders vote in favour of the scheme.The scheme is expected to become effective in early […]

IFAs say GP reports biggest cause of frustration in protection

General Practitioner reports are IFAs biggest protection gripe according to research held at fourteen Royal Liver roadshows.The obtaining of GP reports came top of the list of issues that IFAs find frustrating. IFAs feel the industry in general isn’t doing enough to reduce the number of GP reports that are requested. Royal Liver IFA market […]


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