Artemis Investment Management sees revenues soar

The firm’s latest results for the year to December 2015 also show assets under management rose from £4 billion to £4.5 billion year-on-year as income came in at £160 million, up from £138 million.

Profits before members’ remuneration was £117 million, up from £99 million.

Parent, Artemis Strategic Asset Management took £55.5 million of that and the remaining £61.5 million was available for distribution among the firm’s 32 partners.

That average profit share for the year was £1.9 million, although the firm’s accounts noted £14.5 million of the total profit was for discretionary division and that at the year-end “there was no agreed allocation” of that.

A number of partners at the business own its office on Melville Street within their pensions and received £85,000 in rent between them for the year.