View more on these topics

Steer to manage Artemis UK growth fund

Artemis has announced that Tim Steer is to take on the management of the firm’s £293m UK growth fund.

Steer will officially join the firm in June 2009 and following a short transition period he will replace current manager Adrian Paterson, who will move onto the group’s alpha trust working alongside John Dodd.

Earlier this month moneymarketing.co.uk revealed that Steer was to leave New Star upon completion of the proposed merger with Henderson to join the Artemis multi-cap investment team with his colleague Stephen Yiu.

The UK growth fund will be Steer’s primary responsibility at the firm. The fund is currently third quartile in the IMA UK all-companies sector over three years having fallen 37.7 per cent compared to a sector average of 34.7 per cent.

Steer will also manage a UK hedge fund, with details of the vehicle set to be announced once he has joined the company.

Artemis CEO Mark Tyndall says: “I am delighted that Tim is joining us. His pragmatic and flexible approach to investing will provide benefits for clients as well as an additional intellectual input to the multi-cap team.”

Managing director Richard Turpin says: “It is especially rewarding that Tim will be joining us in June. His investment skills, enthusiasm and his ability to generate positive returns are very well known and we especially look forward to working with him.”

Recommended

Investec launches multi-asset protector

Investec has the launched the multi-asset protector fund which aims to provide cautious investors access to the market through a multi-asset portfolio while providing and 80 per cent protection barrier against equity market falls. The fund will be managed by Max King and Philip Saunders.

Keep calm and carry on?

We British are known for our stiff upper lip and just getting on with things. It’s part of our quirky cultural behaviour – like forming orderly queues, or saying sorry when it’s not our fault. Many of us just aren’t that great at talking about what’s bothering us. But if someone feels that the stresses […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment