Buxton: This is my last big job in fund management

Old Mutual Global Investors' Richard Buxton has told Investment Week his move from Schroders to his new firm is his last in fund management.

Buxton joined Old Mutual in June as head of UK equities, surprising many investors by moving to one of Schroders’ rivals to take an identical role. He already ran a mirror fund of his Schroder UK Alpha Plus fund for the group, which was renamed the Old Mutual UK Alpha fund upon his arrival and has since grown to nearly £1bn in just six months.  Buxton made the switch after claiming the opportunity to build a large-cap equity business was too good to refuse. He told Investment Week this will be his final role in a career spanning almost three decades. “I did 11 years at Barings a...