Fund buyer reaction as Schroders swoops for Buxton replacement

Schroders moved quickly to fill the void in its UK equities desk left by the departure of Buxton and co-manager Errol Francis, hiring Philip Matthews (pictured) from Jupiter and Alex Breese from Neptune. Matthews - who currently runs the £368m Jupiter Growth & Income fund - is among the top performers in the UK All Companies sector, returning 21.9% over the last year ahead of a peer group average of 16.3%. He has also outperformed over three and five years according to Morningstar (to 5 April), returning 37.5% and 60.1% respectively, versus average gains of 28.1% and 32.1%. Crucial...