Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at

Old Mutual launches offshore fund for Richard Buxton

by Robert St George on Dec 16, 2013 at 13:55

Old Mutual launches offshore fund for Richard Buxton

Old Mutual has launched an offshore mirror version of Citywire AA-rated Richard Buxton’s UK Alpha fund.

Domiciled in Ireland, the new Old Mutual UK Alpha fund seeks to deliver long-term capital growth through a concentrated portfolio of 35-40 predominantly large cap UK equities, with no benchmark or tracking error constraints.

‘It is very pleasing to be able to launch a fund to mark the six-month anniversary of my arrival at Old Mutual Global Investors,’ said Buxton. ‘Flows into the Old Mutual UK Alpha fund have been positive since June and assets under management currently stand at circa £1 billion. We have also received increased demand from our international client base and therefore decided that it was appropriate to provide a vehicle for them to access this strategy.’

Buxton also reiterated his confidence in the outlook for UK equities. ‘UK growth seems likely to be better than reported, given the data on employment and business confidence. Valuations, meanwhile, are supportive. Anyone who invested in UK equities at current valuations at any time in the past 95 years would have made a profit in the following 10 years. This suggests that we are leaving the sideways market of the past 13 years and entering a bull phase.’

According to Lipper, Buxton has returned 159% over the past five years compared an average of 113% from his peer group and 93% from the FTSE All Share index.

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home

As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Investing for income in a changing environment

With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop

More about this:

Look up the funds

  • Old Mutual UK Alpha R Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Look up the fund managers

  • Richard Buxton
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

More from us


On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet