Artemis has relaunched Tim Steer's $60m UK Hedge fund as a European vehicle.
The Dublin-domiciled fund will change its mandate today after securing investors' approval. In April, the firm hired former Henderson manager Paul Casson to work on the fund, as well as Steer's £560m UK Growth fund. "I am sure that a broader mandate and the extra resource that Paul brings should enable us to generate the returns our investors expect - and we intend to deliver," Steer (pictured) said. Prior to the change, the UK-focussed strategy counted equipment rental business Ashtead, Supergroup and easyJet among its top long positions.
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