Bruising year for River and Mercantile micro-cap strategy
Net assets drop nearly 50% as chairman emphasises need for patience when investing in smaller companies
Companies
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Abrdn property income trust pinches pennies
It has cut management fees and restructured its debt in a bid to cut costs
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Benchmark Capital buys 51% stake in advice network
Oculus Wealth Management adds £2bn of assets to the Schroders subsidiary
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Market volatility fails to ruffle Ruffer’s feathers
The company boasted ‘perfect’ shifts in correlation in November
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Home Reit hits back at shareholder allegations
Firm has been accused of deviating from original investment philosophy
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FTSE investors miss out on global dividend boom
Oil giant pay-outs skewed the figures as UK firms tighten the purse strings
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Nick Train laments woeful wealth management share price performance
Finsbury Growth & Income manager namechecked Hargreaves Lansdown and Schroders as main offenders
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Monks disappoints despite ditching Tencent and Peloton
Baillie Gifford trust ejected 20 firms from its portfolio in the past year
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Reports Crispin Odey faces further misconduct allegations
Hedge fund boss was told his ‘good character was intact’ after the March 2021 court case was dismissed
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7IM adds two Vanguard funds in quarterly MPS rebalance
Firm has increased weighting to additional tier one (AT1) bonds across its higher risk profiles
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River & Mercantile name prevails as Assetco unites its brands
Recent acquisitions will come together under the R&M banner
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Aggressive UK mid cap sell-off puts Schroders fund on the back foot
Managers lament lack of respite in the sector as NAV plummets 30%
