Jupiter fund manager Richard Buxton has announced his retirement after nearly four decades in the industry.
Buxton (pictured) will leave his role in the management team of the Jupiter UK Alpha Fund at the end of the summer, with current managers Ed Meier and Errol Francis continuing in his absence.
Buxton began his career at Brown Shipley Asset Management in 1985, joining up with fellow manager Francis in his next job at Baring Asset Management.
After a stint at Schroders, where he and Francis first worked with Meier, Buxton joined Old Mutual Global Investors as head of UK equities in 2013. He became CEO in 2015, and led its transition to Merian Global Investors.
Jupiter’s CEO Matthew Beesley said: “Richard is one of the most respected investors of his generation and it has been a pleasure working with him since I joined Jupiter. We are rightly recognised as having a leading UK equity franchise and Richard is leaving the UK Alpha team in robust shape and in very good hands.”
Buxton added: “It has been a pleasure and a huge privilege to have been entrusted with so many people’s long-term savings over so many years. While I am looking forward to pursuing other interests, not least my passion for the arts, I have always said that investing is ‘in my blood’.
“I feel extraordinarily lucky to have been able to pursue a career in a field that has always held such a fascination for me, and to have done so surrounded by some exceptionally talented colleagues. To be able to hand full responsibility for the portfolios so seamlessly to two colleagues who have been fundamental to the strategy’s success over such a long period brings me a great deal of pleasure.
“I’d like to take this opportunity to thank the clients who have placed their faith in us, and to wish Ed, Errol and my other Jupiter colleagues the very best for the future.”
