Philip Rodrigs returns to investing with Raynar Portfolio Management

Ex-River & Mercantile manager back with new boutique offering

Small-cap stockpicker Philip Rodrigs has returned to the asset management industry with the launch of Raynar Portfolio Management, a boutique investment firm targeted at high-net worth and sophisticated investors, Investment Week can reveal.

Rodrigs, who had his employment terminated by River & Mercantile Asset Management (RAMAM) two years ago for what it called a professional conduct breach, said Raynar would be an ethical and client-focused business. Raynar has initially launched the Raynar Enhanced Portfolio, a multi-asset offering run by former Julius Baer portfolio manager Matthew Taylor. The offering will take a fund-of-funds approach, alongside investing in equities and bonds. It will also "judiciously apply leverage to enhance returns, but also provide the ability to add diversification into the portfolio to a ...