Artemis Alpha (ATS) was launched in 1998 when it was known as Piccadilly Growth Trust. It was initially focused on European equities and managed by JO Hambro's Max King. After a difficult few years following the dot com bubble, Artemis was appointed to run the trust in June 2003 with John Dodd becoming lead manager and its mandate was switched to UK equities. ATS did very well in 2004 and 2005 but its performance over the next dozen years or so matched the FTSE All-Share with its allocation to unquoted companies being a drag on returns. A strategic review in 2018 led to unquoted and smaller co...