Richard Buxton's new fund downgraded

Pedro Gonçalves
Richard Buxton's new fund downgraded

Morningstar has downgraded the Merian UK Equity fund following the appointment of seasoned UK equity investor Richard Buxton to the helm, stating it is waiting for a track record before endorsing the fund. Buxton took over the fund from Simon Murphy on 1 January 2019, a week before the asset manager announced he would be stepping back as chief executive. The £133.2m fund has dropped to a Morningstar rating of neutral from bronze. "Buxton is looking to bring his process from the Meria...

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