Newly-listed River & Mercantile Group Thursday underscored plans for more so-called "outcome-orientated" fund management, as it published its first set of results since its June flotation.

River & Mercantile Group was formed by the March 2014 merger of investment consultancy P-Solve and River & Mercantile Asset Management. The combined group listed on the London Stock Exchange three months later; at a cost of around £4.6 million, according to today's results.