Legget to join Artemis as Steer prepares to retire

Standard Life Investments' Ed Legget is to join Artemis ahead of the planned retirement of the group's Tim Steer, Investment Week can reveal.

Legget, whose departure from Standard Life Investments was confirmed earlier today, will move across to Artemis later this year to take over Steer's UK Growth fund. Steer (pictured), who has been at the group for the past six years, is to "retire from the partnership" at the end of 2015, Artemis said in a note to clients. Steer began his career in 1987 at HSBC, later joining Merrill Lynch. He then moved to New Star in 2001 before arriving at Artemis in 2009. His £738m long/short Artemis UK Growth fund - like Legget's £1.3bn SLI UK Equity Unconstrained portfolio - is top quartile in...