River & Mercantile UK Micro Cap Inv Lead manager update (2937F)
February 19 2018 - 7:49AM
UK Regulatory
TIDMRMMC
RNS Number : 2937F
River & Mercantile UK Micro Cap Inv
19 February 2018
19 February 2018
River and Mercantile UK Micro Cap Investment Company Limited
(the "Company")
Lead manager update
The Board of the Company makes this statement in response to the
announcement from River and Mercantile Group PLC ("RAMAM") dated 7
February 2017 that Philip Rodrigs had ceased to be lead manager of
the Company.
As stated in RAMAM's announcement, responsibility as principle
portfolio manager Company has been passed to George Ensor and RAMAM
is confident that George will maintain the Company's successful
track record.
While Philip Rodrigs was the principal portfolio manager at
RAMAM, he was supported by a team, including George Ensor, who has
worked with Philip on the investment process since the Company was
launched in 2014 and with whom the Board has interacted
previously.
We also recognise that RAMAM has used its proven PVT investment
philosophy to manage the portfolio since the Company was
established and that this process has been partly responsible for
driving the strong NAV performance of the Company. The PVT system
will continue to be used in future.
As an independent board, immediately we were notified of the
change of lead manager, we commenced a process to confirm for
ourselves that George Ensor is suitable to act as lead manager. The
Board is satisfied that the MicroCap team, now led by George Ensor,
should maintain its position as portfolio manager. In line with our
normal practice we will continue to monitor portfolio management
arrangements.
Enquiries:
Jasper Cross
BNP Paribas Securities Services S.C.A., Guernsey Branch
Tel: 01481 750850
Joe Winkley/Neil Morgan
Winterflood Securities Limited
Tel: 0203 100 0000
This information is provided by RNS
The company news service from the London Stock Exchange
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