Matthews on life after Buxton: I am not panicking about flows

THE BIG INTERVIEW

Schroders' latest hires, Philip Matthews and Alex Breese, talk to Alasdair Pal about the changes they have made to their newly-inherited funds.

Richard Buxton’s decision to quit Schroders was one of the biggest stories in fund management last year. The manager joined Old Mutual Global Investors in June with colleague Errol Francis, generating a frenzy of interest from investors, which saw Old Mutual gather over £1bn of net flows in just six months. Schroders’ choice of replacement, however, has generated fewer headlines. The group appointed Alex Breese to take over Francis’ £665m Schroder UK Equity fund, and Philip Matthews to run Buxton’s Schroder UK Alpha Plus fund, which at one point topped £3.6bn in assets. Buxton was ...