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Derek Stuart, one of many UK’s finest recognized fund managers and a founding father of Artemis Funding Administration, is to step again from co-managing certainly one of its main funds to spend extra time on charity work.
He has been a supervisor of the Artemis UK Particular Conditions Fund since its launch in 2000.
He’ll hand over the fund administration reins on the finish of subsequent yr to his co-manager Andy Grey and new joiner Henry Flockhart.
After the tip of subsequent yr he might be specializing in chairing the Artemis Charitable Basis.
Mr Stuart’s co-manager since 2014, Andy Grey, might be joined from 25 July by Henry Flockhart from Aviva Traders. At Aviva Traders Mr Flockhart has – since September 2018 – managed the Aviva Traders UK Fairness Unconstrained Fund. Earlier than that, he was at Customary Life and managed the SLI UK Fairness Excessive Alpha Fund from January 2013. He has a BSc from the College of Edinburgh and is a CFA charter-holder.
Mr Stuart stated: “It was an ideal privilege to assist discovered Artemis and to have managed the fund for, by the point I stand apart, 23 years. I stay up for persevering with to work with Andy for the following 18 months as we welcome Henry to the staff.
“I do know that once I do hand over, I might be leaving the fund in Andy’s and Henry’s very succesful palms; and I’m certain that their focus will stay on assembly purchasers’ wants. I’m trying ahead to chairing the Artemis Charitable Basis and serving to to make sure that all its good work continues.”
Artemis’ senior associate Mark Murray stated: “Derek was certainly one of Artemis’ 4 co-founders in 1997. When he steps other than fund administration on the finish of subsequent yr, he’ll accomplish that with our recognition of his huge contribution to creating Artemis what it’s right this moment. He has our enduring thanks and we’re delighted that he’ll stay a associate as he chairs our charitable basis.
“The extremely revered fund that Derek constructed up from nothing has in Andy and Henry very ready successors. Andy’s and Henry’s approaches are extremely suitable; and below their administration we absolutely anticipate the fund to keep up its report of long-term outperformance for its buyers.”
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