Buxton's UK Alpha passes £500m mark as inflows soar

Richard Buxton's Old Mutual UK Alpha fund has passed the £500m AUM mark, having grown at a rate of £100m a month since he joined the firm in June.

The UK Alpha fund ended last week with £520m in assets under management, up from £401m at the end of June and around £280m at the end of May. Buxton's new flagship portfolio had around £150m in assets at the time his departure from Schroders was announced. The manager ran Old Mutual Equity 3 - now renamed UK Alpha - as a mirror version of his Schroder UK Alpha Plus fund while at the latter firm. Inflows into UK Alpha have helped push Old Mutual Global Investors (OMGI) up the UK asset manager sales table, according to figures from the Pridham Report released yesterday. OMGI took ...