Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at

Artemis launches European fund for Steer & Casson

on Apr 29, 2014 at 10:57

Artemis launches European fund for Steer & Casson

Artemis is to launch a Pan European Absolute Return fund for star manager Tim Steer.

Subject to regulatory approval, the fund will be co-managed by Citywire AAA-rated Steer (pictured) and Paul Casson, who joined Artemis last year from Henderson. The fund will replicate the Artemis Pan European hedge fund strategy, a Cayman Islands-domiciled vehicle managed by Steer and Casson.

Between August 2009 and March 2014, the fund posted net annualised returns of 10.9%.

The fund was formerly Artemis's UK hedge fund, the Artemis Pan-European Hedge fund was relaunched in September last year. It was previously managed solely by Steer, but the refocused vehicle is co-managed by Casson.

While exact timings are yet to be decided by Artemis, the  asset manager expects that the new fund will launch in the third quarter, initially for sterling investors.

Multi-currency share classes are also expected to become available in the fourth quarter of 2014, allowing international investors to access the fund.

At first two sterling share classes will be made available: a retail share class with a 150 basis points (bps) annual management charge AMC and institutional share class with a 75bp AMC.

Subject to a high watermark, a performance fee will also apply.

Commenting on the launch, Richard Pursglove, Artemis’ head of retail, stated: 'We are delighted to bring this strategy to a wider audience. We are doing so in an Ucits  fund for the first time, and in a sector that continues to be popular with our clients.'

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home

As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Investing for income in a changing environment

With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop

More about this:

Look up the fund managers

  • Tim Steer
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Paul Casson
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them


On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet