Former Artemis fund manager Simon Edelsten has returned from retirement to join new fund house Goshawk Asset Management.
He joins as the new investment committee chair, leading a team including previous Artemis colleague Alex Illingworth.
It comes after Goshawk officially acquired the Vermeer Global Fund last month, which will be renamed to the Goshawk Global Fund. The fund, which has assets under management of £70m has kept the former management team of Tim Gregory, James Roswell, and Charlie Fricker.
Edelsten said he “couldn’t resist” getting “the band back together”, adding that the concentration of ‘Magnificent Seven’ stocks in global indices made it a very exciting time for the wider industry.
He said: “I’ve seen bubbles before but never so much concentration. It feels like an environment that is set up for good active managers, running portfolios selected by traditional valuation measures, to shine.”
Edelsten initially retired from fund management in October 2023, following a decade of managing funds such as the £235.6m Artemis Global Select fund and the £371m Mid Wynd International Investment Trust.