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River and Mercantile sees performance fees rocket by 448%
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fnlondon.comRiver and Mercantile reported an 8% increase in fee-earning assets under management to £47.6bn alongside a 448% boost in performance fees, to £6.4m.
The firm, which specialises in investment and actuarial products, reported £10.9m in pretax profit, up from £8.3m the previous year. Its £6.4m performance fees were up from £1.2m in the previous period.
The...
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