Artemis  

Ex-Kames ESG team to launch fund at Artemis

Ex-Kames ESG team to launch fund at Artemis

Fund manager duo Craig Bonthron and Neil Goddin are to join Artemis Investment Management, along with two of their former Kames Capital team members.

Artemis announced today (May 28) Mr Bonthron and Mr Goddin — previously co-managers on the Kames Global Equity, Global Sustainable Equity and Global Equity Market Neutral funds — would join Artemis alongside Jonathan Parsons and Ryan Smith.

Mr Parsons was previously part of the Kames equity team while Mr Smith worked with the ESG investment arm. The resignation of the four investment managers from Kames was announced earlier this month.

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Once at Artemis, set to be from this Autumn, the team will launch a sustainable global equity fund with the aim to invest in disruptive and innovative companies that have a positive impact.

Both Kames and Artemis have an office in Edinburgh, where the new team will be based, and they will report to Artemis’ chief investment officer Matthew Beesley.

Artemis senior partner, Mark Murray, said: “Considering impact and investing according to ESG principles are essential parts of fund management. 

“We continue to build on the progress we have made to ensure that these important factors are integral to our business.

"The arrival of this experienced and respected team, with their focus on impact, will allow us to build on that progress - as we continue to concentrate on meeting our clients’ needs.”

Mr Bonthron said he spoke for all four members of the team when he said they were “very pleased” to be joining a firm of Artemis’ “standing and reputation”.

He added: “The potential is enormous and exciting; and we look forward to building on Artemis’ work on sustainable investing to date.”

This is not the first time Artemis has poached a well-regarded investment team from Kames Capital.

Last year Stephen Snowden, the former co-head of fixed income at Kames Capital, joined Artemis, taking three of his investment team with him.

Darius McDermott, managing director at FundCalibre, said: ""It's another good hire for Artemis. The Kames fund was very strong and the team very impressive. Sustainable investing is likely to grow more from here and Artemis are obviously looking to grow in this area too."

imogen.tew@ft.com

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