Investment boutique River and Mercantile has rebranded to River Global following a series of acquisitions.
River Global was taken over by AssetCo following an announcement in early 2022 and the resignation of founding partner Dan Hanbury.
The company has acquired Saracen Fund Managers, SVM Asset Management and Ocean Dial Asset Management.
Alex Hoctor-Duncan, River Global CEO, said: “We have strengthened our business through a series of strategic acquisitions and combined some truly exceptional talent under one brand identity. We wanted a new name to signify the company’s future and River Global now reflects this unifying strength and alignment.”
In total, River Global has £2.8bn assets under management. It also holds a UK Listed Smaller Companies fund, which has a 392% return since launch and a Global Income and Growth fund, which has returned 54.7% in the past three years.
“We have simplified and streamlined our business and product offering to better meet the needs of our clients,” Hoctor-Duncan said.
“Whilst it hasn’t been an easy 18 months for our industry, we have used that time to consolidate and leverage the capabilities our acquisitions have brought us. I am confident that River Global will go from strength to strength, providing top-rated investment products and excellent service to its clients, underpinned by the complementary talents of an exceptional team of portfolio managers.”
The firm’s investment trust, the £50m River and Mercantile UK Micro Cap Investment Company, has seen its returns fall 9.45% for the year to date, according to FE Fundinfo data.
