View the article online at http://citywire.co.uk/wealth-manager/article/a754387
Artemis boosts star SmartGarp team with ex-Fidelity man
by Robert St George on Jun 03, 2014 at 09:49
Artemis Investment Management has recruited Raheel Altaf for its quant-based team.
Altaf will join Citywire AA-rated Philip Wolstencroft and A-rated Peter Saacke, who manage three equity funds according to Artemis’s SmartGarp system, a proprietary stock-screening tool that identifies growth at a reasonable price.
Altaf was most recently a portfolio manager at Fulcrum Asset Management, before which he spent more than nine years at Fidelity including a role as lead portfolio manager for a range of active and passive systematic equity funds with £1.5 billion of assets under management.
‘Peter and I have been using SmartGarp to manage money at Artemis for over a decade,’ commented Wolstencroft (pictured).
‘The fundamentals of the process have served us well and have generated strong long-term performance for our investors. But we continue to monitor market developments to ensure that SmartGarp is best placed to add value in the future. So we’re very pleased that Raheel, with his experience and knowledge of quant-based investing, has joined us.’
Wolstencroft and Saacke currently manage £1.5 billion in total through their SmartGarp strategies.
Their Artemis Capital fund has returned 46% over the past three years, compared with 30.3% from the FTSE All Share index and an average of 33.2 from the IMA UK All Companies sector.
The Artemis European Growth fund has generated 28.8% through the same period, ahead of both the FTSE World Europe excluding UK index’s 23.2% and IMA Europe excluding UK sector average of 25.1%.
The Artemis Global Growth fund has returned 35.7% on a three-year view, versus 27.1% from the MSCI World index and the IMA Global sector’s average of 23.2%.
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