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Artemis unveils offshore fund trio

Artemis has brought out offshore versions of its pan-European, global equity and UK equity funds.

The Luxemburg-domiciled funds are based on the group’s onshore range. They comprise a version of its pan-European equity fund managed by Philip Wolstencroft, its global equity fund managed by Peter Saacke and the Artemis UK equity fund run by Jacob de Tusch Lec and Mark Tyndall.

The fund company says the vehicles will be targeted primarily at institutional investors at private banks, wealth managers and multi-managers.

All three funds are euro-denominated and will offer institutional and retail share classes. The UK equity and pan-European equity portfolios also offer sterling share classes, with both sub-funds being given regulatory approval for sale in the UK market.

Marketed initially in Luxemburg, Switzerland, France, Netherlands and Sweden, the Artemis offshore proposition will be complemented with the appointment of James Martinelli to the team.

Martinelli joins as sales manager for Europe, having worked previously at Baring Asset Management. His main role will be to sell major contracts in countries where the offshore funds are currently registered.

Product and communications director Nick Wells says: “These are not mirror funds as they start effectively with a clean sheet of paper. We tend to take the view that you stick to what you know and this Sicav launch allows to build our presence in Europe.

“We could invest anywhere when it comes to adding new vehicles to this platform but we tend to stay both Europe and UK-centric.”

The funds have annual management charges of 1.5 per cent for retail investors and 0.75 per cent institutional. The initial fee is up to 5 per cent.

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