Managers To Watch: R&M's Lough on using common sense to get ahead in the industry

'Historical experience is much more important than forecasts'

River & Mercantile's (R&M) William Lough "fell in love" with fund management after an internship at a hedge fund got him hooked on the 'mosaic theory' of piecing information together to form compelling arguments.

After leaving university, he only applied for graduate programmes in fund management but, interestingly, long-only equities not hedge funds. "The excitement of the market [during the internship] was what really hooked me, being close to the market and the day-to-day cut and thrust," he said.   "I am quite inquisitive and I like the challenge of trying to piece together lots of different bits of information, a kind of mosaic theory, in order to form a cogent argument. R&M sees 17% boost to wholesale business despite drop in fees "However, the more work I did, I realised that taki...