OMGI's Buxton: There is lots of cash on the sidelines but setbacks will create opportunities

Lessons learnt after an 'extraordinary year'

Richard Buxton, CEO of Old Mutual Global Investors and manager of the £2.2bn UK Alpha fund, tells editor Katrina Lloyd investors are reluctant to commit cash with markets at these levels, but they could find entry points on the back of the European elections or disillusionment with President Trump's policies.

He also discusses lessons learnt after an "extraordinary year" in 2016, as well as the debate the team is having about "adapting their game" to cope with more exaggerated share price moves following company announcements compared to 10-15 years ago, including taking a  tactical approach to positioning at the margins. Meanwhile, Buxton identifies a "multi-year trend" of the government "nicking bits of profitability out of companies and giving it to individuals". He said he is disappointed with the results of the Investment Association's working paper on executive remuneration last year...