Buxton and Matthews lag peers after difficult six months

Richard Buxton and Philip Matthews have both slipped into the bottom quartile of the UK All Companies sector on a six-month view following their moves to Old Mutual and Schroders respectively.

Data from the six months beginning 16 October – the day Matthews joined Schroders from Jupiter – shows the pair lagging both the IMA UK All Companies sector and FTSE All-Share benchmark. Matthews has returned 1.2% while Buxton, who left Schroders for Old Mutual last summer, has returned 0.7%. The average IMA UK All Companies fund has returned 3.3% over the same period, while the FTSE All Share has returned 2.2%. Buxton, who remains broadly in line with peers since joining Old Mutual, admitted his £1.2bn UK Alpha fund had a “difficult” Q1 this year, underperforming in March and trac...