Artemis is planning to merge its £26m New Enterprises fund into its UK Special Situations vehicle. ...
Artemis is planning to merge its £26m New Enterprises fund into its UK Special Situations vehicle. New Enterprises, which sits in the IMA's Technology and Telecommunications sector, launched in 2001 and is managed by Lindsay Whitelaw and Andy Gray. The pair will now be solely focused on the boutique's venture capital trust offering. The group says the fund's British rather than global bias has led to limited investment opportunities and investor interest in technology has diminished. While subject to regulatory approval, Derek Stuart's £771m UK Special Situations fund was selected for...
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