SCHRODERS, the FTSE listed fund manager, has found the man to fill the shoes of departing fund heavyweight Richard Buxton – Jupiter’s income money manager Philip Matthews.
The company yesterday said that Matthews, who has been at Jupiter for 14 years, would be handed the keys to Buxton’s UK Alpha Plus Fund, which has around £3bn of peoples’ savings in it.
Neptune’s head of UK equities Alex Breeze, who also handles Neptune’s special situations fund, has also been drafted in to run the Schroder UK Equity and Schroder ISF UK Equity funds.
Matthews, who was appointed lead manager on Jupiter’s UK Alpha fund in January, started his career as an analyst before rising to become a fund manager.
“They are two highly rated UK equity fund managers with excellent performance track records,” Schroders global head of equities Peter Harrison said.
Buxton is leaving Schroders after 11 years at the company along with his deputy Errol Francis for rival fund manager Old Mutual.
He leaves the firm in June.