River & Mercantile saw inflows return in the first quarter of 2015, and expects a further uptick once Hugh Sergeant's latest portfolio is launched.
The boutique fund manager saw its AUM grow from £18.9bn to £20.1bn between 31st December 2014 and 31st March 2015. Inflows during the period were £395m, while investment performance increased AUM by £466m. Flows from the Derivative Solutions business were £407m. However, the company noted that redemptions in transition included the remaining AUM from its thematic global equity team. River & Mercantile closed three of its global funds in January, after the departure of head of its global equities Alex Stanic, but CEO Mike Faulkner said response to an imminent replacement product has...
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