Key Takeaways
- • Artemis Investment Management has launched Artemis Atlas, its first market neutral, long/short equity fund, positioning the UK-based active manager as the latest traditional asset manager to enter the hedge fund space.
- • The fund is managed by Ambrose Faulks and maintains a UK equity bias while permitting up to 49% allocation to international developed markets, targeting positive returns across market conditions through low or neutral net market exposure.
- • The Artemis Atlas Fund carries a retail share class OCF of 0.87% with a 20% performance fee over the Bank of England base rate, subject to a high-water mark structure.
- • The strategy's market neutral positioning aims to deliver returns independent of broader market direction, appealing to institutional investors seeking alpha generation with reduced systematic risk exposure.
Summary
Artemis Investment Management has launched Artemis Atlas, marking the firm's inaugural entry into the market neutral, long/short equity space. The fund represents a strategic expansion for the UK-based active manager, which has traditionally focused on traditional long-only equity strategies. According to Investment Week, Artemis joins a growing cohort of established asset managers transitioning into alternative strategies to capture hedge fund-oriented mandates.
The Artemis Atlas Fund is managed by Ambrose Faulks and structured with a UK equity focus while maintaining flexibility to deploy nearly half its assets (49%) in international developed markets. This geographic allocation reflects a home-market bias typical of UK fund managers while preserving diversification and opportunity exposure across developed market equities. The fund's core investment objective centers on delivering positive returns across market conditions through a long/short equity strategy with low or neutral net market exposure, minimizing directional market risk and positioning the strategy to generate alpha independent of broader equity market movements.
From a cost and fee perspective, the fund carries an OCF of 0.87% for the retail share class, combined with a 20% performance fee calculated over the Bank of England base rate and subject to a high-water mark. This fee structure aligns with competitive positioning in the long/short hedge fund market, where performance-based compensation mechanisms and high-water mark protections are standard industry practice.
The launch underscores continued appetite among traditional European asset managers to expand into alternative strategies, particularly long/short equity funds that appeal to institutional investors and family offices seeking systematic alpha generation with controlled volatility profiles. Artemis' entry into this category reflects broader industry trends of established managers diversifying product offerings to compete for alternative investment mandates.
The Artemis Atlas Fund is managed by Ambrose Faulks and structured with a UK equity focus while maintaining flexibility to deploy nearly half its assets (49%) in international developed markets. This geographic allocation reflects a home-market bias typical of UK fund managers while preserving diversification and opportunity exposure across developed market equities. The fund's core investment objective centers on delivering positive returns across market conditions through a long/short equity strategy with low or neutral net market exposure, minimizing directional market risk and positioning the strategy to generate alpha independent of broader equity market movements.
From a cost and fee perspective, the fund carries an OCF of 0.87% for the retail share class, combined with a 20% performance fee calculated over the Bank of England base rate and subject to a high-water mark. This fee structure aligns with competitive positioning in the long/short hedge fund market, where performance-based compensation mechanisms and high-water mark protections are standard industry practice.
The launch underscores continued appetite among traditional European asset managers to expand into alternative strategies, particularly long/short equity funds that appeal to institutional investors and family offices seeking systematic alpha generation with controlled volatility profiles. Artemis' entry into this category reflects broader industry trends of established managers diversifying product offerings to compete for alternative investment mandates.
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