Ed Legget to join Artemis
Ed Legget is set to leave Standard Life Investments and join Artemis to take over management of the £737m (€1.04bn) Artemis UK Growth fund from Tim Steer, who is retiring at the end of 2015.
Legget has previously managed the £1.3bn (1.8bn) SLI UK Equity Unconstrained fund. He will take over management of the Artemis fund at a date yet to be determined, and following a transition period.
Mark Tyndall, senior partner at Artemis, said: “Tim has had a long and distinguished career in fund management. His skill as a stockpicker has seen the Artemis UK Growth fund produce excellent returns for its investors, and his forensic accounting techniques have been appreciated by our whole UK equity team. Tim was also instrumental in the launch of our Pan-European Absolute Return Fund last year. We thank Tim for all he has done at Artemis.”
“We are delighted that Ed Legget will be joining us as a partner. Ed’s record speaks for itself. We are sure that investors in the Artemis UK Growth Fund will agree with us that, in Ed, Tim has a very worthy successor.”