RDR will expose poor value for money managers: Buxton

Buxton, who manages Schroders' flagship £1.9bn UK Alpha plus fund, says far too many managers with UK retail funds are ‘closet index trackers' who fail to justify their charges. "There are far too many fund managers, there are far too many funds and there are far too many actively-managed funds which fail to deliver and justify their charges," he says. However, he suggests there may be changes afoot with the arrival of the RDR in 2012. "If you fast forward to 2012 and the RDR, if it does make commission fall away and there is a real focus on what charges are, then I think it is qui...