Artemis is owned by its UK-based management team and Affiliated Managers Group (AMG), an American international investment management company headquartered in Massachusetts. AMG owns stakes in a number of boutique asset management and private equity firms. 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 a partnership is a flexible and robust structure for an investment management business.
We have always recognised that one of the key determinants of long-term success is the stability of the investment team. Artemis has a very low level of turnover among fund managers and the partnership structure will ensure that this remains the case.
We believe in creating a strong link between the compensation of our senior staff and the impact that they have on the delivery of value to clients and the success and profitability of our business. Fund managers’ remuneration is linked to the client assets that they run as well as their cultural contribution to the team and the broader business. In addition, all our fund managers invest their own money in the funds they manage, and those of their colleagues, in order to align their interests closely with those of our clients.
The partnership enables us to manage generational change, whilst also attracting new talent. The exposure of individuals to the partnership may increase over time, reflecting their contribution to the business. This exposure is structured over a period of five to 15 years and is intentionally long-term in nature.