Stay connected:
Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/wealth-manager/article/a666033
Star manager Richard Buxton quits Schroders for Old Mutual
Markets
by Daniel Grote, Dylan Lobo on Mar 14, 2013 at 20:37
Citywire has learnt star fund manager Richard Buxton has resigned as Schroders' head of UK equities to take up a post with Old Mutual Global Investors.
It is understood Old Mutual Global Investors will brief its sales contacts at 8am on Friday morning in a conference call outlining the appointment.
Citywire's A-rated Buxton (pictured) will hand over the reins of his £3.5 billion UK Alpha Plus fund in June, ending a 12-year tenure at Schroders.
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 .
Errol Francis, co-manager of the £628 million Schroder UK Equity fund, has also resigned and is understood to be following Buxton to Old Mutual Global Investors.
The duo will bolster Old Mutual Global Investors' UK equity team, which already includes the likes of Ashton Bradbury, Dan Nickols, Simon Murphy, Luke Kerr, Richard Watts and Stephen Message.
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:
Today's top headlines
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
Archive
Aberdeen Live supplement: Fundamentals point to ongoing flows and solid returns from EMD
After a record year for inflows and market-leading performance in 2012, emerging market debt has taken a large step towards the mainstream. Our recent debate covers the outlook for the asset class this year and where opportunities can be found.
On the road
Click here to find out more from the Audience Development team.
Sponsored Video: J.P. Morgan Elect on growth, income and cash
J.P. Morgan Elect on investment growth, income and cash. More information on J.P. Morgan investment trusts.
4 comments so far. Why not have your say?
Christopher Hunter
Mar 14, 2013 at 21:07
Best get arranging some fund switches then!
report thisChristopher Hunter
Mar 14, 2013 at 22:33
To Old Mutual?!!!
report thisColin Hare
Mar 14, 2013 at 22:59
Great fund, keep the faith!
report thisAnonymous 1 needed this 'off the record'
Mar 15, 2013 at 08:32
Fools and their money..........
report thisleave a comment
Please sign in here or register here to comment. It is free to register and only takes a minute or two.