Artemis

The Bank of England is "failing in its remit" to control rising inflation which could undermine demand for bonds, according to Artemis manager James Foster.

ON UK GROWTH

Artemis' William Littlewood has moved to a short position in gilts in his £971m Strategic Assets fund, warning the UK's debt position is almost as bad as Portugal's.

LVAM's Mark Page and Laurent Millet are joining Artemis' European equity strategies team in early September.

Artemis UK Growth fund manager has boosted performance with overseas earnings strategy but is beginning to look at UK-centric stocks

Artemis is soft-launching a global equity fund for latest hires Simon Edelsten and Alex Illingworth.

Artemis' James Foster has taken off a 12% short position in UK gilts and US treasuries in the past few weeks, in the view the MPC will not hike rates until August.

Artemis' James Foster said the Monetary Policy Committee should hike interest rates to the same level as those in the eurozone to push up the value of sterling and stem inflation.

Artemis has hired Simon Edelsten and Alex Illingworth to build a new global stockpicking franchise for retail and institutional clients.

Artemis' Jacob de Tusch-Lec has sold down positions in the US and increased his weighting to emerging market stocks after the US' leading index hit a three-year high.