Artemis and GAM retain Square Mile ratings following major departures

Derek Stuart and Reiko Mito

Artemis UK Special Situations and GAM Star Japan Leaders funds have retained their A ratings following the departure of major managers, according to the latest Square Mile Academy of Funds.

The Artemis fund lost co-manager Derek Stuart, who had managed the fund since inception, and while Square Mile analysts described the departure as a "material loss of experience", they noted that co-manager Andy Gray is set to remain in post. Analysts added that Henry Flockhart, former Aviva and abrdn manager, had joined the fund in July as part of transition plans. Artemis co-founder steps away from fund management GAM Star Japan Leaders will lose its co-manager Reiko Mito at the end of this month in an unexpected move, but Square Mile analysts believe lead manager and "architect"...