Schroders' Richard Buxton has defended his banking positions, saying troubled UK lenders could be returning 15% on equity by 2015.
The head of UK equities has 9% of his £2.5bn UK Alpha Plus fund in banks, with Lloyds among the fund’s top 10 positions at 3.5%. The manager also holds RBS, Barclays and Standard Chartered within the portfolio....
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