Old Mutual to launch offshore fund for Buxton

Old Mutual Global Investors is to launch an offshore mirror version of Richard Buxton's £1bn Old Mutual UK Alpha Fund.

The Dublin-domiciled fund will price on Wednesday after the group reported increased demand from international investors. The launch marks Buxton's six-month anniversary of his arrival at Old Mutual. "Flows into the Old Mutual UK Alpha Fund have been positive since June and assets under management currently stand at £1bn," the manager said. "We have also received increased demand from our international client base and therefore decided it was appropriate to provide a vehicle for them to access this strategy." The Old Mutual UK Alpha fund has returned 30.9% in the last year to 2...