View more on these topics

Cazenove: Dean will not take over Buxton’s funds after Schroders deal


Cazenove Capital has confirmed fund manager Julie Dean will not take over Richard Buxton’s £3.6bn Schroder UK Alpha Plus fund following Scroders’ acquisition of the asset manager.

Dean, who manages the £1.2bn Cazenove UK Opportunities fund, had been tipped to replace head of UK equities Buxton, who is joining Old Mutual Global Investors in June.

Cazenove says Dean will not be appointed to Buxton’s fund as the two managers have “differing styles”.

Hargreaves Lansdown head of research Mark Dampier says: “The styles are completely different and I do not think Schroders would want to tamper with Julie Dean’s track record which has been great for the past five or six years. I think they will look externally for another high quality UK equities fund manager.”

Dampier says the two ranges complement one another, citing the Cazenove multi-manager team as a good example of an offering that will blend with the existing Schroder multi-asset team.

“I think the real crossover will be on sales and marketing, that is where the jobs will go.”

Skerritt Consultants head of investment Andy Merricks says: “There appears to be a good fit between the firms.”


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm