Majedie Asset Management

Richard Buxton's decision to leave Schroders for Old Mutual Global Investors (OMGI) in March has helped boost a number of UK equity funds as investors switched holdings.

Equity boutique Majedie Asset Management has hired Richard Staveley from River and Mercantile as a manager on its flagship UK Equity fund.

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Majedie Asset Management has launched a UK Income fund for manager Chris Reid.

The team behind Majedie's £1.1bn UK Equity fund has bought back into miners, having avoided them for most of the second quarter.

Majedie Asset Management has closed its Tortoise hedge fund to new investors as assets approach the £350m mark.

Flagship UK Opportunities fund invests in unloved names with encouraging growth prospects.