Artemis has been the subject of a management buyout, involving a US asset manager.
Fortis Bank has sold the UK investment manager to Affiliated Managers Group (AMG) and the firm's management. AMG will take a majority stake in Artemis, while its existing management will take a ‘substantial' portion of the equity. The listed asset manager already owns Genesis Investment Management in the UK, following an acquisition in 2004. Artemis - which was founded in 1997 - manages around £10bn in a range of mutual funds and segregated institutional accounts. Its investment team comprises 17 fund managers - including equity income favourite Adrian Frost. Artemis chief ex...
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