River & Mercantile plans launch of EM absolute return strategy

Reporting results for six months to end of 2018

River & Mercantile has revealed it is in the late stages of developing an emerging markets absolute return strategy, as the group reports its results for the six months to the end of December 2018.

R&M CEO Mike Faulkner said the strategy is based on a model portfolio and has been back-tested with almost 20% of annualised performance since 2003. "We see strong demand for this product emanating from our client base in the markets in which we operate and we will look to seed it before the end of the financial year," he said. In June 2017, the group poached Al Bryant and Todd Leigh, together with their emerging markets industrial life cycle (ILC) team, from Credit Suisse Asset Management. The firm also reiterated plans to launch a global macro strategy, seeded with £5m of group c...