Well-known UK manager Philip Rodrigs is understood to be disputing the conclusions of River & Mercantile Asset Management's two-month investigation into his professional conduct, which led to him leaving the firm yesterday.
The group said yesterday the internal disciplinary matter was unrelated to Rodrigs' portfolio management responsibilities and has not impacted the pricing or NAV of any RAMAM fund, while no client or investor had been affected. This specific professional conduct breach is understood to date from December 2017 and is unrelated to the statement of objections issued by the FCA last November against River & Mercantile and three other firms, which the regulator believes may have broken competition law. However, it is understood the conduct issue was identified as a result of improved syst...
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