R&M UK Equity Smaller Companies manager change

7 February 2018 - River & Mercantile announced this morning that Philip Rodrigs, manager of R&M UK Equity Smaller Companies and R&M UK Dynamic Equity funds, has left the company following an investigation into a professional conduct issue.

Darius McDermott, managing director of Chelsea Financial Services, said: “This news is obviously a shock but the good news is that investors have not been negatively impacted – the conduct issue was unrelated to his portfolio manager responsibilities.

“Dan Hanbury, who is co-manager of the fund and ran it before Philip joined the company, is a very good manager, who has the support of a very strong team who all input into the PVT investment process. For this reason, we are happy to keep the fund on the Chelsea Selection for the time being, pending a meeting with Dan to reassure ourselves about its future.”