River & Mercantile Group, the investment solutions business, has reported positive trading figures over the 12 months to 30 June, with fee earning AUM and net inflows both up on the previous year.
Fee earning AUM increased by 22% from £25.5bn to £31bn while net inflows were £3.8bn, up from £3.7bn during the previous 12- month period. Net sales were down from £2.6bn to £2.2bn but positive net rebalancing flows in the derivative solutions space increased from £1.1bn to £1.6bn. Within the equity solutions part of the business, fee earnings for its wholesale AUM for the 12 months to 30 June stood at £1.8bn, as did the figure for its institutional offering. Meanwhile, performance fees for the year are estimated to be around £12.5m, which is a record for the group. The company ...
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