Buxton benefits as HP swoops for Autonomy

Richard Buxton, Schroders' head of UK equities and manager of the £2.9bn UK Alpha Plus fund, has seen his holding in Autonomy sky-rocket today after an audacious bid from Hewlett-Packard.

Buxton is holding 2.8% of his multi-billion fund in the software company, its fifth largest overweight. The deal today saw Autonomy shares jump 76% at opening, after HP put forward a cash deal worth £7.1bn. The deal valued shares at £25.50, a 64% premium to Wednesday's closing price. GLG's Philip Pearson and Anthony Burton, managers of the £95m GLG Technology Equity fund, also hold the stock in their portfolio, with a 7.2% holding in the stock at the end of last month. However, one manager who is unlikely to have benefitted is Tim Steer, manager of the Artemis UK Growth fund. ...