It ‘now intends to change its business strategy’ after £5.7m investment in River and Mercantile
Assetco has doubled its stake in River and Mercantile as it unveils plans to reinvent itself as an asset and wealth management business.
An RNS filing from 8 February 2020 shows Martin Gilbert-backed Assetco bought 2.5 million shares at £2.28 per share in the asset management business.
The £5.7m ($7.83m, €6.5m) investment brings Assetco’s total share capital 2.5 million shares to 5.6%.
The board told investors that it “now intends to change its business strategy to the development of an asset and wealth management business” and as a result would re-list its shares on the Aim index within three months.
Martin Gilbert-backed Assetco doubles stake in River and Mercantile
Comes as company announces plans to reinvent itself as an asset manager
Martin Gilbert-backed Assetco has doubled its stake in River and Mercantile as it unveils plans to reinvent itself as an asset and wealth management business.
An RNS filing from Monday shows Assetco bought 2.5 million shares at £2.28 per share in the asset management business. The £5.7m investment brings Assetco’s total share capital of River and Mercantile to 5.6%.
The board told investors that it “now intends to change its business strategy to the development of an asset and wealth management business” and as a result would re-list its shares on the Aim index within three months.
Alquity assures transparency on impact fund Feb 02, 2021 By Funds Europe
Asset manager Alquity, an emerging markets specialist, is launching a global equity impact fund focusing on ESG metrics of the companies it invests in.
The quant-driven Global Impact Fund uses companies’ ESG metrics and their contribution to the Sustainable Development Goals (SDGs).
Alquity recently announced a strategic partnership with East Capital Group and a capital raise by Martin Gilbert (pictured), a well-known former chief executive in asset management.
Marnie Aragon-Uy, global head of quantitative strategies at Alquity, manages the fund and said there would be transparency surrounding the firm’s impact.
Martin Gilbert-backed Alquity debuts global impact fund
Alquity Global Impact soft opens
The strategy will analyse corporate ESG metrics, as well as companies contribution to the UN Sustainable Development Goals
London-based investment boutique Alquity has launched its first global impact fund, investing in listed companies producing products and services that have a positive sustainability, societal and environmental impact.
Alquity Global Impact launched at the end of January with a soft opening , seeded with around $5m, with early investors charged fees on preferential terms during an initial launch period to 31 March.
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Martin Gilbert-backed Alquity unveils first global impact fund
Last month Aberdeen AM founder financially supported the emerging markets boutique
Martin Gilbert-backed emerging market boutique Alquity is making its first foray into global equities with the launch of the Global Impact Fund.
The fund, which launched on 28 January, will invest in companies committed to producing high quality products and services that have a positive sustainability, societal and environmental impact.
It will be managed by global head of quantitative strategies Marnie Aragon-Uy.
The fund’s screening process has a particular focus how companies contribute to the UN Sustainable Development Goals and decarbonisation.