Introducing Artemis

Artemis is a leading UK-based fund manager, offering a range of funds which invest in the UK, Europe, the US and around the world. As a dedicated, active investment house, we specialise in investment management for both retail and institutional investors.

  • The business of Artemis

    Independent and owner-managed, Artemis opened for business in 1997. Its aim was, and still is, exemplary investment performance and client service.

  • Selecting stocks

    How we build ‘high conviction’ portfolios for our clients.

  • Our investment approach

    Our objective is to outperform the market and produce long-term returns for the people whose money we manage.

  • Stewardship and voting

    Our approach to corporate governance and stewardship is driven by our desire to deliver outstanding returns and service to our clients.

  • Corporate and social responsibility

    How we relate to the world beyond fund management is part of the distinctive Artemis culture.

  • Our awards

    Artemis encourages freedom of thought among its fund managers and allows them to develop an individual style.

The business of Artemis

Fig. 1: The Artemis logo, with the bronze coin featuring Artemis, the Greek goddess of the hunt
Fig. 1: The Artemis logo, with the bronze coin featuring Artemis, the Greek goddess of the hunt

The firm now manages some

£26.4 bn

(€28.6bn / $34.1bn)

across a range of funds, two investment trusts, a venture capital trust and both pooled and segregated institutional portfolios. A number of these funds are available to investors in continental Europe and Singapore.

(as at 31 August 2017)

Introducing the business of Artemis

Mark Tyndall and Richard Turpin introduce Artemis 5.02 mins

Independent and
owner-managed

Fig. 2: The Profit hatches from carefully tended nest eggs
Fig. 2: The Profit hatches from carefully tended nest eggs

Independent and owner-managed, the firm’s aim has always been to offer exemplary performance and client service. All Artemis’ staff share these two precepts – and the same flair and enthusiasm for fund management.

Our managers invest in their own and their colleagues’ funds, which aligns their interests directly with those of our investors.

Artemis is a Limited Liability Partnership (LLP) and currently has 30 partners who are fund managers and other key individuals at the firm. Affiliated Managers Group (AMG) and the management team at Artemis own 100% of the equity of the business. This is a financial partnership; AMG takes a share of the revenues produced by Artemis, but does not get involved in the day-to-day running of the business. We believe that an LLP is the ideal structure for an investment management business. It means we are free from the (often) short-term demands of shareholders and can focus entirely on trying to meet or exceed our clients needs.

Our growth has been organic, with no mergers or acquisitions, and we are committed to remaining independent. Our aim is likewise unchanged: superior, long-term returns for the people whose money we manage.

How we build ‘high conviction’ portfolios for our clients

Fig. 3: The Profit hatches from carefully tended nest eggs
Fig. 3: The Profit hatches from carefully tended nest eggs

Artemis’ managers immerse themselves in their markets. They do this through research (both their own and external), conferences, meetings with analysts, economists and industry experts, and with the management of companies, and also in formal and informal conversations with each other.

Artemis operates a ‘knowledge management system’ (which we call Delphi, as in the Greek oracle). Delphi stores all this information and analysis so that it can be shared across the firm.

Some of our fund managers also use proprietary stock-screening systems, which narrow down the number of stocks to be examined in more detail. This allows them to concentrate their time, knowledge and skills on the most promising investments.

Whatever markets are doing, there will be opportunities for active managers to make above-average returns. This means we only buy a share if we think it is undervalued, and not because it represents a big proportion of the index. We respect our benchmarks but are not driven by them.

This produces ‘high conviction’ portfolios which differ markedly from those of our competitors and benchmark indices.

Our investment approach

Fig. 4: The Profit hatches from carefully tended nest eggs
Fig. 4: The Profit hatches from carefully tended nest eggs

Our sole objective as investors is to outperform the market and produce long-term returns for the people whose money we manage.

We do so while keeping an eye on absolute, as well as relative, returns - although we are well aware that in periods of crisis, it is not always possible for our funds to avoid losing value. When this happens, we, and our investors, need to be patient. It seldom makes sense to reduce market exposures after share prices have fallen. Equally, when markets are rising, we believe that there are always opportunities for active stock-pickers to outperform.

We have a history of recruiting and training fund managers with proven skills – and we have an excellent record of retaining fund managers. Our managers have the freedom to invest without the constraints of a single house style or process.

Yet Artemis’ policy of co-investment, and our structure as a partnership, give our managers every reason to share their views with each other. They are open, communicative and always keen to debate investment ideas.

We try to keep bureaucracy to a minimum, allowing our managers 
to concentrate on what they do best – selecting the right stocks or bonds for our clients. Our investment teams have a collegiate approach. Drawing on each other's experience and knowledge, sharing ideas and insights between teams, specialist units operate with support from the wider business towards a common goal.

Stewardship and voting

Fig. 5: The Profit hatches from carefully tended nest eggs
Fig. 5: The Profit hatches from carefully tended nest eggs

Everything we do is designed to deliver outstanding returns and service to our clients. This also defines the firm’s approach to corporate governance and stewardship.

All risks and opportunities are considered as part of the investment process by the fund managers in the context of enhancing the long-term value of our clients' investments.

Since April 2015, we have been signatories to the United Nations-supported Principles of Responsible Investment (PRI). The PRI encourages investors to use responsible investment for enhanced returns and better management of risks.

Corporate and social responsibility

Fig. 1: The Profit Bird
Fig. 1: The Profit Bird

How we relate to the world beyond fund management is part of Artemis’ distinctive culture.

We recognise that as long term investors we have an overriding responsibility to act with care, diligence and integrity in everything we do.

The Artemis partnership is deeply aware of our broader responsibility to society and aspires to make a positive difference to the environment and communities in which we work and live. Artemis encourages employees participation in a number of initiatives and has a Charitable Foundation which supports a broad range of causes.

Our awards

Artemis encourages freedom of thought among its fund managers and allows them to develop an individual style.

Our record validates this approach, as do numerous industry awards. But, please remember that past performance is not a guide to the future.

Lipper Fund Awards
Portfolio Adviser Fund Awards 2016 - Platinum award, International Equity Income category
Best Equity Group – RSMr ‘R’ Awards 2016
Online Personal Wealth Awards 2017