Artemis launches its first market neutral fund
Our press enquiries team
Artemis, a leading UK-based active fund manager, has launched the Artemis Atlas Fund – a market neutral, long/short equity strategy managed by Ambrose Faulks. The fund has a bias towards UK companies with the ability to invest up to 49% in international developed markets.
The fund aims to achieve positive returns over three years in all market conditions. There will be an equal balance between long and short positions to hedge risks and achieve low-to-zero net market exposure.
Faulks commented: “With its market neutral structure, the fund is designed to perform in a variety of macroeconomic conditions. That doesn’t mean it will make money every month, but on a rolling 12-month view, the aim is to deliver a positive return.
“Importantly this fund aims to have very low correlation to equity markets – what people are investing in is our ability to spot mispricings and manage risk effectively.”
Faulks, who also manages the Artemis UK Select fund alongside Ed Legget, will be supported by the wider UK and global equity teams at Artemis, sharing ideas with the firm’s 30+ investment professionals.
Before joining Artemis in 2013, Faulks spent almost a decade as an equity analyst at a UK hedge fund, where he focused on financial services and asset-intensive businesses and developed his shorting expertise.
Greg Jones, Head of Distribution at Artemis, said: “Atlas builds upon Artemis’ strong track record in managing UK and international equity funds whilst also offering something different to investors. It aims to deliver consistent, positive returns regardless of the market backdrop, pure alpha from stock selection and protection against down markets.”
Faulks added: “The past decade or more of quantitative easing, which ended in 2022, made life harder for shorting due to loose monetary policy, but now we are in a world where there is a more meaningful cost of capital, so the market is being forced into proper discernment between good and bad capital allocation policies. We expect the dispersion between stocks to stay high, with returns driven more by individual security selection and less by market beta.”
There is an ongoing charges figure (OCF) of 0.87% per annum for the retail share class, calculated as at 9 July 2025, plus a performance fee of 20% on returns over the benchmark (the Bank of England base rate). The performance calculation includes a high-water mark.
Risks specific to Artemis Atlas Fund
- Risk to Capital All financial investments involve taking risk and the value of your investment may go down as well as up. This means your investment is not guaranteed and you may not get back as much as you put in. Any income from the investment is also likely to vary and cannot be guaranteed.
- Currency risk The fund’s assets may be priced in currencies other than the fund base currency. Changes in currency exchange rates can therefore affect the fund's value.
- Derivatives risk The fund may invest in derivatives with the aim of profiting from falling (‘shorting’) as well as rising prices. Should the asset’s value vary in an unexpected way, the fund value could reduce.
- Leverage risk The fund may operate with a significant amount of leverage. Leverage occurs when the economic exposure created by the use of derivatives is greater than the amount invested. A leveraged portfolio may result in large fluctuations in its value and therefore entails a high degree of risk including the risk that losses may be substantial.
- Government and public securities risk The fund may invest more than 35% of its value in transferable securities and money market instruments issued or guaranteed by the United Kingdom, United States or Germany. Refer to the investment policy in the fund's prospectus for further details on how large exposures to government and public securities may be held.
- Counterparty risk Investments such as derivatives are made using financial contracts with third parties. Those third parties may fail to meet their obligations to the fund due to events beyond the fund's control. The fund's value could fall because of loss of monies owed by the counterparty and/or the cost of replacement financial contracts.
This is a marketing communication. Before making any final investment decisions, and to understand the investment risks involved, refer to the fund prospectus and KIID/KID, available in English and in your local language (depending on local country registration), from the relevant fund page or literature section on www.artemisfunds.com. The documents can also be found on www.fundinfo.com.
CAPITAL AT RISK. All financial investments involve taking risk and the value of your investment may go down as well as up. This means your investment is not guaranteed and you may not get back as much as you put in. Any income from the investment is also likely to vary and cannot be guaranteed. Investment in a fund concerns the acquisition of units/shares in the fund and not in the underlying assets of the fund. The fund is a sub-fund of Artemis Investment Funds ICVC. For further information, visit www.artemisfunds.com/oeic.
Charges: The ongoing charge covers the annual operating expenses of running the fund and is shown as at the date in the Key Investor Information Document, where further information about the fund's charges can be found. Additional costs may be incurred, such as portfolio transaction costs and transfer taxes, which may reduce performance. For further information, visit www.artemisfunds.com/charges.
Issued by Artemis Fund Managers Ltd which is authorised and regulated by the Financial Conduct Authority.
