River & Mercantile CEO: The wholesale market has turned its attention to value strategies

Reporting strong H2 2016

River & Mercantile Group has reported a strong six-month period to 31 December, with £2bn of net inflows and higher profits than the previous year, as chief executive Mike Faulkner said value strategies are starting to see client demand.

Over the six months to 31 December, the firm saw net inflows (including rebalance) reach £2bn, while fee-earning assets under management increased by 13% to £28.7bn. Meanwhile, statutory net profit after tax more than doubled to £6.1m, compared to £2.7m for the second half of 2015, primarily attributed to growth in performance and management fees. Performance fees jumped from £0.3m in the first six months of the year to £4.7m in the second half of 2016, while net management fees increased by 13% to £21.4m compared to the prior six months. FundCalibre names River & Mercantile best e...