Artemis seeks new majority owner for partial MBO

The chief executive of Artemis, Mark Tyndall, says the group is 'committed to its sovereignty' and h...

The chief executive of Artemis, Mark Tyndall, says the group is 'committed to its sovereignty' and hopes to find a new arm's length partner for the business once stability returns to markets. He added: 'Then we get back to proving whether last year's performance was an aberration or the previous 10 years were a fluke.' He was speaking in the context of a tough period for the group's SmartGARP process for some of its equity portfolios, although the process's founder Philip Wolstencroft said returns had improved in the last three months. The group is currently wholly owned by Fortis, wh...