Ardevora Asset Management shuts its doors after 14 years
Ardevora co-founder and CIO Jeremy Lang
In a statement on LinkedIn, co-founders Jeremy Lang and William Pattisson said they had decided to «stop managing money for third parties».
«As a result, Ardevora Asset Management will be closing its doors to external investors and returning capital to all of its clients,» they added.
The company was founded in 2010 by Lang and Pattisson, who both worked across several of the firm's funds.
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Pattisson stepped down as CEO in June 2023 to focus solely on his fund management position at the firm, and was replaced by then head of global distribution Ishaad Ahmad.
The former CEO was inducted into the FE fundinfo 'hall of fame' in 2022, an acclaim which recognises those who have been ‘alpha-rated' for over seven years.
In the company's website bio, it stated the managers sought to run money «in the same way they would look after their own, in a stimulating and enjoyable working environment», looking at themselves as clients as well «to put fairness at the heart of what we do».
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Ardevora had four global equity products: Ardevora Global Long-Only Equity, Ardevora Global Equity, Ardevora Global Long-Only Equity SRI and Ardevora Global Growth.
It also offered a domestically-focused Ardevora UK Equity portfolio.
According to the relevant latest factsheets, the Global Long-Only fund holds the greatest assets under management at £283m, ahead of the SRI fund's £271m. The remaining portfolios are significantly smaller, with Global Equity at £64m, Global Growth at £28m and the UK Equity portfolio at £12m.
Ardevora has been contacted for a statement and for further clarification about the wind up of the
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