Artemis wins over £1.5 billion of new institutional money

Launches new institutional global equity fund

Artemis, the specialist fund manager, has won over £1.5 billion in new mandates from UK institutional investors during 2006. Institutional assets under management are expected to exceed £4 billion by the year end out of total current assets of £10.8 billion.

This year has seen mandate wins across a number of different strategies, including European equities, Equity income, UK growth, Special situations, UK small cap and most recently Global equities.

Artemis has also recently launched an institutional global equity pooled fund managed using the in-house proprietary investment process – SmartGARP . This will seek to outperform the MSCI Global benchmark by 5% per annum over rolling 3 years, but will not be constrained by the benchmark. The launch follows in the footsteps of the successful retail equivalent and the highly rated European equity capability.

Commenting on the recent success and the new fund, Elaine Gordon, head of institutional business, said: “ The investment consultant community and pension fund clients continue to be very supportive of our investment strategies. Our culture allows our experienced fund managers to maximise alpha opportunities without being limited by benchmark constraints. This together with our strong track record and a clear alignment of interests, we invest in our funds alongside our clients, enables us to offer a compelling proposition to those in search of high alpha.”

Commenting on the growth of the institutional business, Mark Tyndall, chief executive of Artemis, said: “We set out with a specific objective to secure mandates within the institutional market using the same investment philosophies employed on behalf of our retail clients. This approach has been welcomed by the market and we are delighted with the progress we have made. We continue to see strong interest in our offer from institutions and look forward to growing this arm of our business further.”