Artemis

Artemis' James Foster expects Greece will exit the eurozone within six months - and possibly as soon as December - with Europe forced to act because the Greeks are unwilling to tackle the crisis.

Artemis' Simon Edelsten and Alex Illingworth have sold their position in Google but have been buying other advertising plays on the dips in global markets.

Artemis has hired former M&G fund manager Rosanna Burcheri to run its newly launched Global Select fund alongside Simon Edelsten and Alex Illingworth.

The last few weeks have seen unprecedented market volatility as investors take fright at the ongoing debt crisis in the eurozone and a series of weak economic data from the US.

Tim Steer, manager of the £320m Artemis UK Growth fund, has labelled the takeover of Autonomy by Hewlett Packard as expensive after the US giant offered to pay a premium of about 75% for the firm.

Old Mutual's Stewart Cowley and LGIM's Richard Hodges have reversed their short duration stances and removed their treasury short positions as the flight to safety pushes yields to record lows.

Adrian Frost, manager of the £3.9bn Artemis Income fund, said BP and other major companies should make further asset sales in order to improve their growth prospects.

Changing environment for dividends in global market prompts portfolio shifts.

ON BONDS

Multi-managers at OPM Fund Management are targeting funds in emerging markets and energy sectors in the recently-launched Worldwide Opportunities fund.