The stocks giving Buxton a much-needed lift in post-Brexit rally

Held overseas earners

Old Mutual Global Investors' (OMGI) Richard Buxton has revealed the holdings that have pushed his £2bn UK Alpha fund back into the second quartile in the three months since the Brexit vote, after a "pretty horrible first half" in terms of performance.

Buxton (pictured), who is also CEO of OMGI, said holding mega caps and US dollar-sensitive stocks boosted fund performance in the third quarter, although his bank positions hurt the fund in the immediate aftermath of the referendum. OMGI's Buxton warns of 'horrible' Brexit fallout Over three months to 22 September, the UK Alpha fund has moved higher than the sector average, after performing below or in line with the IA UK All Companies sector over other timeframes. Over three months, the fund is up 9.8%, compared to the sector's 8.5%, pushing it into second quartile. However, over ...