Artemis changes 'confusing' objective of Littlewood's £700m fund
Investors will pay some of the cost
Changes to Littlewood's fund
Artemis is changing the investment objective and policy of the £700m Strategic Assets fund in response to shareholder feedback that said its performance measures were "confusing", and calls from the Financial Conduct Authority (FCA) to make fund objectives easier to understand.
Co-managed by William Littlewood and Kartik Kumar, the fund currently targets long-term growth by investing in UK and international assets and aims to outperform cash and equities over rolling three-year...
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