In June, Artemis management expressed their disappointment at the loss of the £400mn investment mandate following the retirement of one of its managers.
The Mid Wynd investment trust had been run by Artemis since 2014, but this changed after its lead fund manager Simon Edelsten announced his retirement in February 2023, with co-manager, Alex Illingworth, having left on the same day.
At the time, Mark Murray, senior partner at Artemis, said: “We are very proud that since 2014 our team has produced an annualised net return of 12.4 per cent for Mid Wynd’s shareholders, compared to the index return of 10.7 per cent.
"In that time we have seen company assets grow from £68mn to £449mn. We are naturally disappointed that the board has chosen to appoint a new investment manager. Artemis is investing considerably in expanding its global equity capabilities under the leadership of Alex Stanić.”
david.thorpe@ft.com
