River and Mercantile has closed its Global High Income fund after it failed to attract significant assets.
RIver & Mercantile has raised £51m for its UK Micro Cap investment trust, just over half the figure originally targeted.
River & Mercantile is to launch a micro-cap investment trust for manager Philip Rodrigs.
A raft of pulled IPOs in October point to a more rational environment for new listings, managers suggest.
Renewed dollar strength has led forecasters to predict a tougher time for sterling in the coming months, despite a small relief rally last week as Scotland opted against independence. Which funds could benefit?
River and Mercantile Group, the asset management and consultancy business which formed in February, is to list today at a price which values the business at £150m.
River and Mercantile has revealed it plans to close soft-close Dan Hanbury's UK Equity Smaller Companies fund - currently £360m in size - when it reaches £550m.
Robin Minter-Kemp, former director of investment funds at Cazenove Capital, has joined Rayner Spencer Mills Research (RSMR) as a non-executive director.
Asset manager River and Mercantile plans to float on the main market, following its merger with investment consultancy firm P-Solve earlier in the year.
River and Mercantile has hired former Cazenove director of investment funds Robin Minter-Kemp as a non-executive director.