The fund invests in companies around the world which are in the recovery stage of their life cycle with a strong potential to create value

The ES River and Mercantile Global Recovery Fund has been approved by the UK Financial Conduct Authority as an open-ended sub-fund of the ES River and Mercantile Funds ICVC, an investment company with variable capital incorporated under The Open-Ended Investment Companies Regulations 2001 and authorised as a UCITS scheme as defined by the Financial Conduct Authority.

Why Global Recovery?

The fund offers investors broad exposure across regions, sectors, capitalisation tiers and stocks, to investments, that the manager believes have particularly strong potential to create value, generally following a period of depressed profits.  The fund benefits from the expertise of a highly regarded manager who works within an experienced and talented team of investment professionals.

Investment process

The portfolio manager invests according to River and Mercantile's long established PVT philosophy, where stocks are evaluated by a combination of their potential to create value, their valuation and the timing of buying into a position.

Sophisticated quantitative analysis and intelligent screening finds only the best opportunities for the manager and investment team to debate and validate by applying rigorous fundamental research.

Fund facts

AUM

£348.4m as at 31 August 2022

Benchmark

MSCI All Countries World Index

Fund manager

Hugh Sergeant

Latest updates

Fund facts

AUM

£348.4m as at 31 August 2022

Benchmark

MSCI All Countries World Index

Fund manager

Hugh Sergeant

Fund literature

Views from the manager

Watch the latest webinar with Hugh Sergeant in which he discusses the fund, the market and his current thinking re positioning and outlook.

Please note that this webinar is hosted by BrightTALK, a free service which does require users to register with their name and a valid email address. 

About the fund manager

Hugh_Sergeant

Hugh Sergeant
Head of Value and Recovery strategies, PVT Equities

Hugh graduated from the London School of Economics with a degree in Economics. He joined Gartmore in 1987 as a UK equities graduate trainee and moved to Phillips & Drew in 1990, managing UK equities throughout his twelve years there.  He became Head of Smaller Companies in 1997, establishing a new team and launching the UBS Smaller Companies Fund. In March 2000 Hugh was promoted to Head of UK Equities at UBS Global Asset Management and Chairman of the UK Equities Committee.  He joined Société Générale Asset Management in 2002 where he was Head of UK Equities, manager of the Growth strategy and co-manager of the Special Opportunities Fund.  

Hugh was one of the founding members of R&M Asset Management in 2006. Hugh is Head of Value and Recovery startegies within the PVT Equities team and manages the High Alpha and Recovery strategies. 

Hugh_Sergeant

Speak to us

Simon Smith

Head of Wholesale Distribution

Simon Smith

Head of Wholesale Distribution

Simon Smith is Managing Director, and Head of UK Wholesale Distribution, responsible for creating a market leading customer centric distribution business working with wealth managers across the UK for the benefit of investors. Simon has spent a 25 year career working for some of the industry's leading asset managers including M&G, Standard Life Investments and most recently nine years overseeing the growth of Merian UK Wholesale (Old Mutual Global Investors).

Tom De Lisle

Sales Director, London

Tom De Lisle

Sales Director, London

Tom is Sales Director for London within the Wholesale Distribution team. He looks after a wide range of clients including Discretionary Wealth Managers, Multi Managers, Family Offices, Private Banks and Global Financial Institutions. Tom joined R&M in February 2013. He started his career in financial services in 2004 at a London stockbroking firm advising high net worth individuals on US stocks and helped launch the alternative investments division. He then moved to Neptune Investment Management in 2007 as Sales Manager covering the London and Greater London area and also became Head of Family Office Business Development. Tom has a degree in Modern and Medieval French from the University of Oxford, he holds the IMC certificate and is a member of the CFA UK Society.

Marcus Honig

Sales Director, London & South East

photo of Marcus Honig

Marcus Honig

Sales Director, London & South East

Marcus graduated from Glasgow University with an MA (Hons) degree in 2001. Throughout his career in financial services Marcus has worked for companies including Chase de Vere, Scottish Widows and Neptune Investment Management, before joining R&M in June 2017. Marcus holds the CII Level 4 Diploma in Regulated Financial Planning as well as the Certificate in Discretionary Investment Management. He is an experienced Sales and Distribution professional with strong client relationships across the UK.

Martin Canavan

Sales Director, North England, Scotland, Ireland & Isle of Man

Martin Canavan

Sales Director, North England, Scotland, Ireland & Isle of Man

Martin began his career in asset management sales in 1996 with Deutsche Bank. He has since held roles with AEGON Asset Management and Merian Global Investors (formerly Old Mutual), before joining R&M in August 2020. He is a highly experienced Sales professional with strong relationships across a range of client segments, covering the UK, Isle of Man and Ireland. Martin holds the Investment Management Certificate.

Nick Pearse

Sales Director, Midlands, South West & Channel Islands

Nick Pearse

Sales Director, Midlands, South West & Channel Islands

Nick joined R&M in January 2021 from Jupiter, which acquired Merian Global Investors in 2020, where Nick worked for the past decade.

Latest perspectives

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R&M Global Sustainable Opportunities – ...

Video 23 September, 2022

Portfolio Manager William Lough discusses how the current opportunity is shaping his portfolio. September 2022.

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The opportunity in Europe

The opportunity in Europe

Video 22 September, 2022

Portfolio Manager James Sym discusses how the current opportunity is shaping his portfolios. September 2022.

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Why be an ESG contrarian?

Why be an ESG contrarian?

Video 21 September, 2022

James Sym discusses why he doesn't follow the herd. September 2022.

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Can Europe get any cheaper?

Can Europe get any cheaper?

Video 20 September, 2022

Portfolio Manager James Sym discusses his views. September 2022.

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