Artemis is a Limited Liability Partnership (LLP) and currently has 30 partners comprising 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 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 the 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 success and profitability of our business. Fund managers’ remuneration relates directly to the performance of the strategies they manage on behalf of investors. In addition, all our fund managers invest their own capital in the funds they manage in order to align even more closely their interests 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.