Ardevora UK Income fund merged with R&M mandate

The River and Mercantile UK Equity Income fund has taken on the £6m ES Ardevora UK Income fund, following the approval of investors at the end of March.

The £6m Ardevora fund was previously run by Jeremy Lang and William Pattisson. However, due to a lack of new investment the trustees believed the cost of the fund would have a disproportionate impact on...