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Artemis’ Gosden quits after 13 years

Artemis’ Gosden quits after 13 years

Artemis Income co-manager Adrian Gosden is to leave the firm this month after 13 years at the company, Investment Adviser can reveal.

Mr Gosden, who joined the firm from Societe Generale Investment Management in 2003, has run the £6bn Income fund alongside Adrian Frost since that year.

It is understood he will now take some time out from the fund management industry.

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Artemis said its Income team, headed by Mr Frost, will continue to oversee the portfolios on which Mr Gosden worked - which also include the fund house’s £1.1bn mixed-asset High Income fund - following the departure.

The income team includes Alex Ralph, manager of High Income, and Nick Shenton, who was named as a third co-manager on the Income fund in 2014.

The asset manager’s senior partner Mark Murray said: “In his time with us, Adrian has made a considerable contribution to Artemis. He will leave with our thanks and very best wishes.”

Mr Gosden’s efforts have helped Artemis Income post a 92.8 per cent return over the past 10 years, according to FE Analytics, compared with a 66 per cent return for the IA UK Equity Income sector and a 65 per cent rise in the FTSE All-Share.

His departure follows in the footsteps of a number of other senior Artemis personnel: UK equity manager Tim Steer, founding partner Mark Tyndall and chief investment officer Ruth Keattch have all departed over the past 18 months.

At the same time, the fund house has made a number of high profile hires in a bid to ensure it maintain the strong growth trajectory seen in recent years.

The company hired US equity manager Cormac Weldon and team from Threadneedle in 2014, and last year secured the signature of Standard Life Investments’ Ed Legget to replace Mr Steer.