Stephen Moore, fund manager of the Artemis US Extended Alpha and US Absolute Return funds, which between them in their OEIC and SICAV forms represent some $3.4bn (£2.7bn, €3bn) in AUM, has decided to leave Artemis due to personal reasons.
William Warren, co-manager of the funds since launch, will take over as manager. To ensure a smooth transition, Moore will continue working for Artemis and managing the funds until 30 September 2019, when William will become their manager.
Warrenjoined Artemis as a partner in 2014 from Columbia Threadneedle, where he had worked alongside Stephen since 2008 as deputy manager of the Threadneedle US Extended Alpha and US Absolute Alpha funds. He began his career as an analyst at JP Morgan in 1997. He then spent eight years at Lehman Brothers, where he was a senior portfolio manager in the firm's Fundamental Long/Short Equity Strategies group in New York. Warrenhas co-managed Artemis' two US long/short funds since launch in 2014.
Commenting on Moore departure, Warren said: "We don't anticipate any major changes to the positioning or investment process of the funds: we feel they are positioned appropriately for the current environment and our process will continue to be driven by the same stock level risk/reward framework we have used successfully for the last 10 years. I am looking forward very much to succeeding Moore, and hope to build on our solid record with these two funds."