Hedge Funds

Shorting strength underpins UK equity success at Artemis


Tim Steer, the former New Star manager renowned for his shorting abilities, is building another strong track record since taking over the UK long/short equity fund at Artemis - thanks largely to a stunningly successful short trade in collapsed UK property group Connaught

Equity markets have seen a great deal of volatility so far this year, meaning that it has not always been enough to be simply long or short the market. Many of the most successful equity hedge funds have been those run by managers who specialise in high-conviction stock selection, rather than directional generalists.

Tim Steer and Stephen Yiu

So far this year, one of the star performers is Artemis UK Hedge, Tim Steer's long/short UK equity fund at Artemis Investment Management. The fund is up by just under 23% this year to