Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. Registration is free and only takes a minute.

Threadneedle US team follows Weldon to Artemis for five fund launches

Threadneedle US team follows Weldon to Artemis for five fund launches

Five North American equities analysts have followed Cormac Weldon and Stephen Moore from Threadneedle to Artemis, with the firm planning to launch five funds for its new team.

The new recruits are technology specialist William Warren, consumer analyst Paul Gannon, Olivia Miller, Chris Kent, and Nafis Chowdhury.

‘We are delighted to welcome all seven members of this outstanding team,’ commented Artemis head of retail Richard Pursglove.

‘Subject to regulatory approval, we will be launching five funds for them towards the end of Q3 this year. These funds will include long-only and long-short strategies for distribution in the UK and Europe. This significant development for Artemis broadens further the asset classes available to our clients. And given the team’s record, we are confident that they will meet or exceed investors’ expectations.’

Artemis first revealed that it had hired star US managers Weldon and Moore in January.

Weldon (pictured) spent 17 years at Threadneedle, having run its Threadneedle American Select Inst Net Acc GBXAmerican Select fund since December 2001. During the 10 years to January the fund returned 134.5% compared with a 118% rise in the S&P 500, making it the seventh best performer in a 56-strong peer group for the period.

Moore, Citywire AA rated at the time of his departure, returned 52% through his American Extended Alpha fund in the three years to the end of December 2013 versus an average return of 20.3% from his Alternative Ucits long/short equity sector.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Investment Pulse: the highs and lows of 2014

Investment Pulse: the highs and lows of 2014

This week's Investment Pulse looks back at some of the biggest stories of the year as well as looking forward to 2015.

Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter