View the article online at http://citywire.co.uk/wealth-manager/article/a666033
Star manager Richard Buxton quits Schroders for Old Mutual
It is understood Old Mutual Global Investors will brief its sales contacts at 8am on Friday morning in a conference call outlining the appointment.
In total he runs over £4 billion of assets, including the £263 million Schroder UK Growth investment trust and co-managing the £338 million Aviva Investors UK Special Situations fund, alongside UK Alpha Plus .
It is understood the arrival of Buxton and Francis will not spark any departures in this team.
Both Buxton and Francis will leave Schroders on 14 June and it is not known when they will take up their new posts.
Schroders' global head of equities Peter Harrison said the group would announce succession plans for Buxton and Francis ‘in the near future’.
‘We have a depth of talent in our UK equities team of 16 investors that is well-established, with average investment experience of over 12 years,’ he said in a statement.
News sponsored by:
Ian McVeigh and Steve Davies, managers of Jupiter's UK Growth fund, talk about their predictions for the UK equity space. Click here to watch a series of sponsored interviews with Jupiter's fund managers on the UK equity market.
Today's top headlines
The Citywire guide to investment trusts
Investment trusts have proved to be a highly effective way to invest in the market. Citywire has interviewed the experts to find out more.
More about this:
Look up the funds
Look up the shares
Look up the investment trusts
Look up the fund managers
- Richard Buxton
- Errol Francis
- Richard Buxton
- Ashton Bradbury
- Daniel Nickols
- Simon Murphy
- Luke Kerr
- Richard Watts
- Stephen Message
More from us
On the road
J.P. Morgan Elect on investment growth, income and cash. More information on J.P. Morgan investment trusts.