Back in the hot seat

William Littlewood, renowned manager of the Jupiter Income fund during the 1990s, has returned to retail investing with the launch of Artemis Strategic Assets. This fund will look to use Ucits III powers to combine the best of both the unit trust and hedge fund worlds. Julian Marr, editorial director of marketing-hub.co.uk, questioned him on the workings of the fund and the prospects for the different elements within its portfolio

At whom is this fund aimed? Artemis Strategic Assets is designed for someone to use as a core holding because it will look to make money as safely as possible. The Ucits III powers make it quite unusual but we believe we are offering the best of both worlds – a unit trust with hedge fund characteristics. It has a flexible mandate – unit trusts are relatively inflexible within their traditional industry sectors and can lose money at times – and it has no liquidity issues. It also has a sensible unit trust fee structure with no performance fee, which is a real attraction. This is now my ...