Investment boutique River & Mercantile (R&M) has recruited Investec's AA-rated UK small-cap ...
Investment boutique River & Mercantile (R&M) has recruited Investec's AA-rated UK small-cap manager Dan Hanbury who starts work in October.
Hanbury will be responsible for a UK core multi-cap portfolio and work alongside former SG Asset Management managers Hugh Sergeant and Richard Staveley. Other recent recruits to R&M include Mark Thomas, former head of sales at Credit Suisse Asset Management in the UK and James Barham, previously at Liontrust.
Hanbury's decision to depart Investec at the end of June led to Forsyth OBSR suspending its AA rating on the onshore £107m UK Smaller Companies fund until it has had a chance to talk to new manager Philip Rodrigs.
Before moving to Investec a year ago, where he has worked as an equity analyst as well as following the tech and telecom sectors, Rodrigs worked as a pan-European analyst for T.Rowe Price. Hanbury's other retail fund, the £30m Investec UK Alpha, has been taken over by Ken Hsia, who is now the back-up manager on UK Smaller Companies.
Hsia has been a member of the Investec UK Equity Team with responsibility for high performance and unconstrained mandates since 2004. He joined Investec from MoVa Investment Partners, a hedge fund which he co-founded, as investment manager for European small and mid-cap stocks. Prior to that, he spent eight years at Fidelity as an equity analyst.
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