River Global
River Global PLC (formerly AssetCo plc) was a specialist investment management company managing £2.7bn in actively managed equity strategies for institutional clients. Following the June 2026 divestiture of its main asset management business to Liontrust Asset Management for £9.7m, it operates as a publicly listed residual entity.
- Company typePublic
- Founded-
- HeadquartersEngland, Germany
- Headcount1–10
- GTM typeB2B
- OfferingServices
What River Global does
River Global PLC (formerly AssetCo plc) was a specialist investment management company listed on the London Stock Exchange Main Market under ticker RVRG, registered in England and Wales (company number 04966347). The company operated two distinct business lines: a core asset management franchise managing actively managed equity strategies with £2.7bn in assets under management and advice as of 27 February 2026, and a separate B-share business with £13.1bn in AUM. The company served institutional and professional investors through a direct enterprise sales model, generating revenue through asset management fees charged on AUM. Main-business revenue for the period ending September 2025 was £12.2m, down 15.2% from £14.4m the prior year, with the B-share business generating £50.2m in revenue. The company employed between 1 and 10 people and was led by Executive Chair Martin Gilbert.
On 30 June 2026, Liontrust Asset Management completed acquisition of River Global's asset management business (River Global Holdings Limited) in an all-share deal valued at £9.7m (£7.6m for the main business plus a £2.1m adjustment tied to the European Opportunities Trust mandate). The transaction brought Liontrust's total AUM to £24.4bn and resulted in Martin Gilbert joining Liontrust as a non-executive director, with the largest shareholders (22.3%) subject to a two-year lock-up. Following completion, River Global issued D Ordinary Shares as a return of capital to shareholders, with residual value tied to Liontrust shares (up to £8.72m) and over £2m in retained cash. The entity continues as a publicly listed shell rather than an operating asset manager, with the separate B-share business continuing as the primary ongoing revenue source.
River Global firmographics
Firmographics- Name
- River Global
- Legal name
- River Global PLC
- Website
- https://assetco.com
- Company type
- Public
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- River Global PLC (formerly AssetCo plc) was a specialist investment management company managing £2.7bn in actively managed equity strategies for institutional clients. Following the June 2026 divestiture of its main asset management business to Liontrust Asset Management for £9.7m, it operates as a publicly listed residual entity.
- Ownership category
- akta.pro rank
Where River Global is headquartered
LocationHeadquarters
- HQ city
- England
- HQ country
- Germany
- HQ region
- Europe
Markets served
River Global business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Asset Management Fees: River Global generates revenue through asset management fees charged on assets under management. Revenue declined 15.2% to £12.2m for the period ending September 2025, amid continued outflows of £665m in assets under management. The B-share business saw £13.1bn in AUM with revenue rising to £50.2m.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
River Global product offering
Product offeringCore offering
River Global PLC (formerly AssetCo plc) is a specialist investment management group providing actively managed equity strategies and associated investment advisory services to institutional and professional investors. The group's main asset management unit managed £2.7bn in assets under management and advice as of February 2026, while its B-share business managed £13.1bn in AUM. The main asset management business was divested to Liontrust Asset Management in June 2026.
Product overview
River Global is a specialist investment management company (formerly AssetCo plc) operating two distinct business lines: its core asset management services managing £2.7bn in assets, and its B-share business with £13.1bn in AUM generating £50.2m revenue. The company offers actively managed equity strategies and advisory services, with assets under management having experienced £665m in outflows during fiscal year 2025.
Differentiator
Problem solved
Functional benefit
Products and services
- Asset Management Services
- B-Share Business A separate business unit generating £50.2m in revenue with £13.1bn in assets under management, operating distinct from the main River Global asset management operations.
Quantifiable outcome
- Revenue of £12.2m with 15.2% decline year-over-year
- +1 more outcomes
Companies that use River Global
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
River Global technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
River Global partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor and core.
- European Opportunities TrustminorEuropean Opportunities Trust mandate was included in the acquisition with a £2.1m adjustment. Contingent Liontrust shares are dependent on revenues from a proposed reconstruction by the trust.
- Liontrust Asset ManagementcoreLiontrust acquired River Global's asset management business in an all-share deal valued at £9.7m (£7.6m for main business plus £2.1m for European Opportunities Trust mandate). The acquisition brings Liontrust's total assets to £24.4bn. Executive chair Martin Gilbert joined Liontrust as non-executive director, with largest shareholders (22.3%) agreeing to a two-year lock-up.
Scale indicators7 records
Recent moves9 records
Expansion highlights1 record
River Global competitors and assessment
Company assessmentDirect peers
- Baillie Gifford: Edinburgh-based active asset manager specializing in long-term equity strategies for institutional clients. Directly comparable in active investment philosophy, institutional client focus, and UK base, despite being privately held.
- Man Group: UK-listed asset manager with active and quantitative strategies, serving institutional clients globally. Comparable in fee-based AUM revenue model, institutional focus, and active management orientation.
- Quilter: UK-listed wealth manager with investment management capabilities serving advised and institutional clients. Comparable in fee-based AUM revenue model and active management product offerings.
- Liontrust Asset Management: UK-listed boutique asset manager that acquired River Global's main asset management business for £9.7m in June 2026. Most directly comparable as a UK active equity manager serving institutional clients, with AUM around £24.4bn post-acquisition.
- Jupiter Fund Management: UK-listed active asset manager offering equity and multi-asset strategies to institutional and retail clients. Directly comparable in active management business model, fee-based AUM revenue, and exposure to the same industry headwinds.
- Brooks Macdonald Group: UK-listed wealth and investment manager offering discretionary portfolio management services. Comparable in active asset management business model, fee revenue on AUM, and institutional/professional client base.
- Rathbones Group: UK-listed wealth manager with significant investment management operations serving high-net-worth and institutional clients. Comparable in active management fee model and exposure to UK active asset management industry dynamics.
- Polar Capital Holdings: UK-listed boutique active asset manager specializing in specialist equity strategies for institutional and professional investors. Comparable in scale, business model (fee-based AUM revenue), and client focus on institutional mandates.
Broad incumbents
- Schroders: Large UK-listed global asset manager with diversified offerings across active, quantitative, and private markets. Comparable in active equity strategies but operating at significantly greater scale and with broader revenue diversification.
- abrdn: Large UK-listed global asset manager with diversified investment offerings. Comparable in active management product set but at much greater scale with broader geographic footprint and product mix.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks7 records
Key highlights6 records
Customer concentration
River Global financial estimates
Financial estimateRevenue estimate
Valuation estimate
River Global leadership team
Management profileNumber of profiles
Profiles1 record
River Global subsidiaries and ownership
Company hierarchySubsidiaries1 record
River Global funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
River Global M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about River Global
What does River Global do?
River Global PLC (formerly AssetCo plc) is a specialist investment management group providing actively managed equity strategies and associated investment advisory services to institutional and professional investors. The group's main asset management unit managed £2.7bn in assets under management and advice as of February 2026, while its B-share business managed £13.1bn in AUM. The main asset management business was divested to Liontrust Asset Management in June 2026.
Is River Global a public or private company?
River Global is a public company. It is classified as public and is currently operating.
When was River Global founded?
River Global was founded in -1. It employs 1 to 10 people.
Where is River Global based?
River Global is headquartered in England, Germany, in the Europe region.
How does River Global make money?
One revenue line is on record: asset Management Fees.
Who are River Global's main competitors?
Direct peers on record are Baillie Gifford, Man Group, Quilter, Liontrust Asset Management, Jupiter Fund Management, Brooks Macdonald Group, Rathbones Group and Polar Capital Holdings. Broad incumbents are Schroders and abrdn.
Does River Global have an API?
No public API is recorded for River Global.