Buxton: Fund management industry 'needs consolidation'

BUXTON'S 25 YEARS: PART II

After beginning his investment career in the bond markets 25 years ago, Richard Buxton has established himself as one of the foremost stockpickers in the City of London.

Buxton’s investment career began at Brown Shipley Asset Management in 1985. Following one year at GRE Asset Management, he joined Barings in 1990. Just over a decade later he joined Schroders. In the second part of a look back over his quarter century in the Square Mile, the Schroder head of UK equities gives his advice to young managers, explains why he prefers running long-only money, and discusses the state of the industry. Did you ever run anything other than long-only equities? A lot of clients have asked if I would ever start a hedge fund, but it is very rare in my style of inv...