River & Mercantile, the long-only fund management boutique set up in November with backing from UK entrepreneur Sir John Beckwith, has started the year at a cracking pace.
Its nascent UK equities team, assembled with hires from SG Asset Management and Investec Asset Management, won its first segregated institutional mandate last month â a £25m (€37m) UK equities brief with multimanager Northern Trust Global Investors. Two UK equities funds have been launched and there are plans to add at least two more this year. River & Mercantile is also planning to establish a global equities division and making plans for a special products division.
