Source - SMW
River and Mercantile Group said its mandated assets under management increased by 2% in its fiscal first quarter.

Fee-earning AUM, however, decreased by 1% following the restructuring of certain equity transactions.

"We have always indicated that inflows and outflows from institutional clients will not be smooth across quarters as each mandate is often larger in size," the company said.

"Despite the markets at their current levels and with material uncertainties faced by investors we continue to see significant interest in this form of active equity risk management and synthetic structured equity solutions."