Richard Buxton, one of the top performing and most popular UK fund managers, is to leave Schroders for rival firm Old Mutual.
Mr Buxton, who runs more than £4bn for Schroders, will be leaving in June after 11 years to join rival Old Mutual. His deputy and natural successor Errol Francis, will also be leaving, begging the question – who will replace Mr Buxton as head of UK equities and manager of the hugely successful UK Alpha Plus fund?
Stockbrokers and fund buyers say there are few names that can match Mr Buxton’s record but John Wood at JO Hambro Capital Management is a possibility. Other names also mentioned in this article included Threadneedle’s Simon Brazier and Martin Walker at Invesco Perpetual.
Old Mutual is expected to open a fund this week prior to Mr Buxton’s arrival to investors to transfer their assets early.
