An Opportunity to See a Fund Manager 'In Action'

MIC PREVIEW: Tim Steer will provide a sneak peek into how he grills CEOs when considering an investment in a company

Richard Whitehall 6 March, 2013 | 7:00AM

Tim Steer is manager of the Artemis UK Growth fund and he also runs institutional mandates including the Artemis UK Hedge Fund. He has been at Artemis since mid-2009 having previously managed the UK Alpha fund at New Star. Having first qualified as a chartered accountant he started his investment career as a small-cap analyst for Merrill Lynch and HSBC.

Tim Steer won't buy a stock without meeting company executives.

Steer's Artemis UK Growth fund has a Bronze Morningstar OBSR Analyst Rating. In that fund he uses his accountancy background to analyse each company's accounts in detail, which he believes can reveal much about its current state and offer a guide to its future potential. In particular, he pays significant attention to the finer detail in accounts, concentrating specifically on the use of provisions, cash flow, revenue recognition, debtors and debtor levels. The investment process is wide ranging and also includes a qualitative rating tool.

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About Author

Richard Whitehall

Richard Whitehall  is a portfolio manager for Morningstar Investment Management

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