beware artemis strategic assets

Old_Slaphead

rich_b wrote: »

There doesn't seem to be anyone with anything positive to say about the fund manager running Artemis Strategic Assets.

Has anyone said anything negative - other than dunston saying that 3 month performance has been below average (as are around half the funds in existance) Longer term ie 6 & 12 months it's holding it's own.

Other than that a few posters (me included) seem comfortable with it.

pressuredrop_2

Launched May 2009 at 50p, now 60p. 20% growth in seventeen months.

What's the problem?

Mikeyorks

rich_b wrote: »

There doesn't seem to be anyone with anything positive to say about the fund manager running Artemis Strategic Assets.

But you didn't ask about it? You mention it in the title / mutter about the extent of advertising ..... then go on to make the subject a hedge fund in the Artemis stable that's lost money?

The Strategic Assets fund has done OK. I bought it in June 09 (47.10) and it's put on 28.83% since. More than happy with that.

dunstonh

Has anyone said anything negative - other than dunston saying that 3 month performance has been below average (as are around half the funds in existance) Longer term ie 6 & 12 months it's holding it's own.

I am not saying I am negative towards the fund either. I am just saying that it hasnt set the world on fire and it certainly didnt deserve to go into any wealth 150 list on launch or still be in it now. Also, whilst I wouldnt have it, I did say that I can see why those that DIY may choose to have a go with it with some of their money.

barak

rich_b wrote: »

There doesn't seem to be anyone with anything positive to say about the fund manager running Artemis Strategic Assets.

William Littlewood earned his reputation when he was managing Jupiter Income Trust in the 1990s which topped the charts year after year. Whether he can do the same with his Artemis fund is, of course, another matter.

"Mr Littlewood stunned the investment fraternity when he walked away from Jupiter in 2000 suffering from burnout. His popular £1.6bn Jupiter Income Trust had returned 607pc over the previous nine years versus the average income fund which returned 270pc. With an estimated fortune of £20m he disappeared until returning to run a hedge fund for Artemis in 2005."

sabretoothtigger

There doesn't seem to be anyone with anything positive to say about the fund manager running Artemis Strategic Assets.

I think he has a great strategy and ideas. He is also taking some unusual trades some may not like. He shorting Japanese government bonds which is a very strong market in theory, its also quite fake and liable to fall over but as yet I bet he has lost money doing that.
I used to own this fund but swapped it as I didnt find I like the whole absolute idea or he wasnt radical enough for me, I could see this fund doing well in future though

RobertR

http://www.h-l.co.uk/news/fund-manager-comments/william-littlewood,-my-current-strategy

I'm sure many people have seen this, published on the H-L website last week. It was also sent by e-mail to the funds subscribers.

StevieJ

sabretoothtigger wrote: »

I think he has a great strategy and ideas. He is also taking some unusual trades some may not like. He shorting Japanese government bonds which is a very strong market in theory, its also quite fake and liable to fall over but as yet I bet he has lost money doing that.
I used to own this fund but swapped it as I didnt find I like the whole absolute idea or he wasnt radical enough for me, I could see this fund doing well in future though

I notice that Artemis Strategic Assets has been doing quite well over the past few days, are those Japan and US bonds beginning to falter.

Greycrow

Bought in at 47.51p on 18/05/09. Now showing at 64.13p(+35%). Wish I'd bought more.

talexuser

I bought Jupiter Income at £6000 pep and Littlewood left when it was ~£24000 I think. I stayed with Nutt for some years but sold out over a year ago when it began to underperform. I bought Strategic Assets purely on the manager reputation as a punt - around 6% of the portfolio - and am sticking so far.