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Stephen Moore, lead portfolio manager for the Artemis US Extended Alpha and US Absolute Return funds has resigned and is returning to his native Australia.

Moore will formally hand over the US Absolute Return fund to his long standing co-manager, William Warren, on 30 September 2019. Warren has worked alongside Moore since 2008 on the Threadneedle Extended Alpha and Absolute Return funds before the team transferred to Artemis in 2014. Prior to this, he spent 9 years at Lehman Brothers as a senior portfolio manager and technology specialist, running long/short equity strategies.

Warren has been pivotal in nurturing the analyst team at Artemis, whilst retaining his technology sector responsibilities. The intention is that Warren will hand over his sector responsibilities to two new hires one of whom is a long-standing associate from New York.

We are meeting the new manager of Artemis US Absolute Return soon to learn more about his plans for the team and fund. In the meantime, we have suspended the funds rating.

This does not constitute personal advice. If you are in doubt as to the suitability of an investment please contact one of our advisers. Past performance is not a guide to future performance. Please also read the important information below.

The value of your investment can go down as well as up, and you can get back less than you originally invested.

Past performance or any yields quoted should not be considered reliable indicators of future returns. Restricted advice can be provided as part of other services offered by Bestinvest, upon request and on a fee basis. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

Issued by Tilney Investment Management Services Limited, (Reg. No: 2830297), which is authorised and regulated by the Financial Conduct Authority. Financial services are provided by Tilney Investment Management Services Limited and other companies in the Tilney Group, further details of which areavailable here. This site is for UK investors only. © Tilney Group Ltd 2019.

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