RIver & Mercantile has raised £51m for its UK Micro Cap investment trust, just over half the figure originally targeted.
The group said earlier this year it was seeking to raise £100m for the portfolio, managed by Philip Rodrigs (pictured), but announced yesterday it was “very pleased” with the revised amount. The trust will invest in companies with a free float market cap of under £100m, and represents the only micro-cap investment trust in the London market, according to the fund group. “I have already identified a number of interesting prospects that are suitable for the company’s portfolio and I will be working with my colleagues in the UK equities team at RAMAM using our proprietary PVT process to ...
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