River & Mercantile to launch and seed Global Macro strategy this year

Reporting another strong quarter

River & Mercantile plans to launch a global macro strategy this year, after seeing twelve consecutive quarters of inflows since its IPO in 2014.

The firm said it will launch and seed a Global Macro fund this year, after seeing inflows into its Dynamic Asset Allocation vehicle launched in September 2014. The news comes as the firm reports another quarter of positive flows, taking in £1.3bn during the three months to the end of March. Of this, £500m was derived from net sales, while £800m was positive rebalancing flows in derivative solutions. Meanwhile, performance fees for the period are estimated to have contributed £1.1bn to the overall increase in assets.  Over the three months, fee earning assets under management (AUM) ...