The manager of the Artemis Global Select Fund is to retire from the firm.
Simon Edelsten will leave the group after a handover period, the company said today (February 24).
He joined Artemis in 2011 after spending time managing global equities at Taube Hodson Stonex and running European equity sales at Dresdner Kleinwort Benson.
Edelsten manages Artemis’s Mid Wynd International Investment Trust as well as the group’s global select strategy with Alex Illingworth, who will also leave the firm, departing at the end of the month.
Edelsten said: “I’ve been lucky to enjoy the support of Artemis over the past 12 years, building a global equity business, and I’m confident the firm will continue to grow and evolve without losing its focus on delivering exemplary investment performance and service.”
Alex Stanic (pictured) has been appointed to the new role of head of global equities at Artemis, and will join on March 1 from JP Morgan Asset Management's international equity group.
He spent seven years at JP Morgan, and was previously head of global equities at River & Mercantile.
Artemis will announce two more members of the global equity team shortly.
Stanic said: “Simon and I have very similar investment styles and like many of the same stocks, so I’m looking forward to working with him over the next few months before fully taking over Simon’s fund management responsibilities.”
Chris Salih, investment trust research analyst at FundCalibre, said:“ Whilst it is a shame to see Simon depart the franchise after such an excellent career, Artemis has brought in an experienced name in Alex Stanic, who has produced strong returns in his time as manager of the JPM Global Unconstrained Equity fund.
“The fact that Alex has a similar style of investing - albeit with lower turnover - coupled with a 10-month handover period with Simon on both the Global Select fund and Mid Wynd trust, should offer investors some reassurance of an orderly transition."
sally.hickey@ft.com
