River and Mercantile appoints fund manager to launch European equity strategies
River and Mercantile Group PLC (R&M) has adds fund manager James Sym, currently at Schroders, to its PVT equities team in June.
At Schroders, Sym has been responsible for the European Alpha Income Fund, the European Alpha Plus Fund and he co-manages the European Alpha Focus and European Opportunities funds, in total responsible for over GBP1.5 billion assets.
Sym will work closely with Hugh Sergeant and the broader equities team at R&M, which currently manages a range of strategies that specialise in UK, Global and Emerging Market equities. R&M will develop a new suite of European focused funds, the first of which will be launched in the summer.
Confirming the news, James Barham, Group Chief Executive of River and Mercantile Group, says: “We are delighted to welcome an individual of James’s calibre to the Group. A key part of our client-led proposition is to ensure we have a range of high quality, relevant investment strategies, and we want clients to be able to benefit from the opportunities available in the European equities markets. James has a wealth of experience in these markets and follows a pragmatic investment approach, which has some broad similarities with the PVT approach established by Hugh Sergeant and Dan Hanbury in 2006.
“James has achieved some fantastic results for his funds’ investors over the past decade or so. He is one of the strongest valuation conscious managers in European Equity and we believe the coming period will be very exciting for investors in our funds. James, with his acute insight and deep understanding of what is a diverse and complex region, will add tremendous value to the Group’s broader client proposition.”
Sym says: “I’ve followed the growth and success of River and Mercantile for some time and I’m excited to be joining an entrepreneurial business that is always evolving and enhancing its abilities to support today’s investors. R&M has a great equities team, a proven philosophy and process, and a determination to provide clients with solutions that are genuinely designed to meet their changing needs – qualities that are especially valuable now more than ever. The opportunity to launch a fund to help clients navigate what are unprecedented times with such an incredible investment opportunity set is particularly exciting.”