Buxton named lead manager of Jupiter UK Growth trust

Replaces Steve Davies

Richard Buxton has been named as new lead manager of the Jupiter UK Growth investment trust, replacing under-fire Steve Davies.

Buxton will be assisted on the £47.5m offering by Errol Francis and Ed Meier, who both co-manage the Merian UK Alpha fund with the firm's former CEO. The move comes a day after it was announced Jupiter Fund Management would acquire Merian Global Investors for £390m. Buxton will take over the trust once the decision has gained shareholder approval at the end of April. Jupiter and Merian deal reaction: 'Lower product overlap than might be anticipated' Buxton said he and his team were "delighted to be appointed" as manager of the trust. "We look forward to working with the Board and t...