river and mercantile

Fund managers are backing miners as a key income play this year, predicting the largest names in the sector will ramp up their dividend payouts after a poor first quarter.

River & Mercantile Group has hired Kevin Hayes as chief financial officer following the merger of P-Solve and the asset management business.

FUND MANAGER FOCUS

QUICKFIRE Q&A

Asset manager River and Mercantile is to merge with investment consultancy P-Solve, part of the Punter Southall Group, and is planning an IPO to fund its growth plans.

Hugh Sergeant, manager of the River and Mercantile World Recovery fund and the group's top performing UK Equity Long Term Recovery fund, has been eyeing opportunities across Europe despite the uncertain outlook for the region.

River and Mercantile has expanded its wholesale distribution team with the hire of Neptune's Tom de Lisle .

PSigma Investment Management CIO Tom Becket has sold out of the £11bn Invesco Perpetual Income fund after ten years following news of manager Neil Woodford's departure.

Equity boutique Majedie Asset Management has hired Richard Staveley from River and Mercantile as a manager on its flagship UK Equity fund.

The River and Mercantile World Recovery Fund has been made available to the retail market, following its soft-launch in March this year.