River launches UK funds

River and Mercantile Asset Management has launched its UK Equity High Alpha and UK Equity Smaller Companies funds. The high-alpha portfolio is managed by Hugh Sergeant, who joined the firm from Soci赩 G诩rale Asset Management in August. Richard Staveley, Sergeant’s former SGAM colleague, runs the smaller companies fund, alongside Dan Hanbury, who recently arrived from Investec. The funds have an initial charge of 5.25% and annual management fees of 1.5%.