Artemis IM Fund One generates risk-adjusted returns by systematically harvesting the Volatility Risk Premium (VRP) across exchange-traded options on US equities. Operating as a disciplined protection seller, the strategy takes short volatility positions paired with maturity-transformation hedging.

The Fund operates without leverage; all derivative exposures are fully collateralised by cash reserves held with Interactive Brokers. Portfolio execution is managed through strict limits on directional market exposure, concentration and volatility to manage risk exposure and preserve capital. While performance is monitored against broad asset classes, the CBOE S&P 500 PutWrite Index (PUTW) serves as the primary peer strategy benchmark, reflecting the strategy's focus on generating yield with low beta and a controlled exposure to drawdown. A hurdle of CPI + 3.0% and a high-water mark apply to performance fees.

Artemis IM Fund One seeks risk-adjusted returns by capturing the volatility risk premium, primarily through selected US equity options. The Fund systematically sells options where implied volatility is expected to exceed realised volatility, while retaining flexibility to make opportunistic equity and derivative investments. Cash held with Interactive Brokers supports derivative positions. Portfolio risk is managed through strict limits on directional market exposure, concentration and volatility, supported by a comprehensive suite of policies, procedures, and active risk and compliance registers.