schroders

Old Mutual Global Investors has seen inflows of more than £100m into Richard Buxton's UK Alpha fund, ahead of his arrival at the group.

Last week Aberdeen held a little party in London to celebrate its 30th anniversary - a remarkable achievement for a company which, at the turn of the century, did not look like it would last another three years, let alone 30.

SPECIAL REPORT

Cazenove Capital's European manager Chris Rice has left the firm, ahead of Schroders' takeover of the group next month.

Richard Buxton, who is set to join Old Mutual Global Investors from Schroders next week, has argued there are too many funds in the UK market which are not generating adequate returns.

Schroders has expanded its fixed income team with the appointment of Bogdan Popovici from US fund group Wellington Management.

Schroders has moved to fill its vacant head of UK equities position following Richard Buxton's departure, handing the role to its head of European equities Rory Bateman.

Cazenove has confirmed it is moving to stem flows into Julie Dean's UK Opportunities and offshore UK Equity fund as assets in the strategy approach £2.5bn.

Andrew Bell, chairman of the Association of Investment Companies (AIC), has warned many boards have not moved quickly enough to reduce charges on their investment trusts.

Cazenove Capital's director of investment funds Robin Minter-Kemp is expected to exit Schroders after the two groups combine later this year, Investment Week understands.