Buy, sell or hold? Wealth managers give their verdict on Buxton exit

SELL or HOLD?

Richard Buxton's shock resignation from Schroders has left wealth managers holding his funds with a number of urgent questions.

The star manager is leaving Schroders after 11 years to join Old Mutual Gobal Investors in June as head of UK equities.  Here, five fund pickers give their verdict on the news. Ben Yearsley, head of investment research at Charles Stanley It is great for Old Mutual. They have got a very good UK team that is really mid and small-cap focused and this gives them large-cap experience, so it is a great move for them. It is a loss for Schroders and there is no dressing it up. Over the last few years they have lost a few of their UK team, such as the equity income guys disappearing to ...