Nearly half of Artisan’s funds are closed to new investors, the short-term performance of the overall lineup has been unremarkable, and fees are generally above average. Yet the firm does offer some open, proven options as well as a few younger and intriguing funds.
Since opening in 1994, Artisan’s modus operandi has largely remained unchanged. It hires successful or up-and-coming investors and generally allows them the freedom to set up their teams as they see fit. Each of the now-seven teams builds distinctive portfolios, and the firm is sensitive to capacity: Seven of the 15 funds are closed to new investors, and two others have closed in the past.
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Greg Carlson does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.