Europe is set to get a taste of Artemis Investment Management's stellar performance next year. Working with Altium Capital, Artemis is looking to take Luxembourg-domiciled clones of its retail funds to Germany and Switzerland.
Altium, a subsidiary of German-listed Gold-Zack, is Artemis' business partner formed by the spun-off corporate finance arm of Apax Partners, and has affiliates with 14 European countries. It holds a 35% stake, and Apax Venture Capital, another original investor, has a 10% stake, as does Close Brothers. Artemis will link with Gontard Metallbank in Germany, which currently sells index products. The funds that will be sold in Europe will include the £118m (�m) Artemis UK Growth fund run by Mark Tyndall, which has achieved 102.31% returns since launch. The £80m Artemis UK Smaller Companies fund, run by John Dodd, has been top in its category, by producing returns of 277% since launch in April 1999. Lindsay Whitelaw's £30m Artemis New Enterprises fund, launched in June, is the third product that will be cloned for Europe, said Jamie Campbell, managing director of the fund that has returned 38% since launch. The firm also has a £20m absolute return fund called Artemis Momentum, run by Homi Colah, which could seek investors in Europe.
