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AMG and Artemis management complete acquisition


Affiliated Managers Group, in partnership with the management team of Artemis Investment Management, has completed the acquisition of Artemis from Fortis Bank, a subsidiary of BNP Paribas Group.

Founded in 1997, Artemis is a UK fund manager specialising in active investment management for retail and institutional investors in the UK, Europe and the Middle East.

With offices in London and Edinburgh, Artemis manages approximately GBP10bn (USD16bn) in assets across a range of mutual funds and segregated institutional accounts.

As of 31 December 2009, more than 90 per cent of the firm’s retail products have generated first quartile performance since their respective launch dates.

AMG has purchased a majority equity interest, while the Artemis management team has acquired the remaining equity interest.

Artemis management will continue to direct the day-to-day operations of the firm.

AMG is an asset management company with equity investments in boutique investment management firms.

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