Steer to run Artemis UK Growth

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.

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