River and Mercantile Group has recorded net assets under management (AUM) inflows of £500m for the three months ending September 30 2014.
In its trading statement on its assets and notional under management (NUM) - the aggregate notional value of derivative contracts - the company revealed a “strong pipeline of new clients, a number of which are at the pre-mandate stage”.
The interim results also showed fee earning AUM/NUM increased 6 per cent in the three months to £18.5bn. Its fiduciary management business accounts for roughly £6.8bn, while derivative solutions has £9.3bn in NUM, and retail equity solutions accounts for the smallest part of the assets at just £869m.
River and Mercantile also highlighted the impact of the investment performance, primarily from the fiduciary management business, which boosted its overall assets by approximately £230m in the quarter.
Meanwhile it noted the launch of the River and Mercantile Dynamic Asset Allocation fund in September, which was seeded with £5m, has been positively received by clients, with the marketing of the vehicle now underway.
Mike Faulkner, chief executive of River and Mercantile, commented: “The increase in fee earning AUM/NUM demonstrates a strong start to the new financial year. We continue to focus on delivering strong and sustained investment returns for our clients, and on the growth of the business to generate value for our shareholders.”
