Tim Steer will run a long-only fund as well as a hedge fund when he joins Artemis from New Star later this year.
He will take over the management of the £276m Artemis UK Growth fund from Adrian Paterson. Steer will be supported by Stephen Yiu, also joining from New Star.
Paterson will now co-manage the Artemis Alpha Trust with John Dodd.
Steer and Yiu managed the UK Alpha fund at New Star along with the UK Gemini Hedge fund. They will also run a UK equity hedge product for Artemis, although details have not yet been finalised.
Steer resigns from New Star