Old Mutual Global Investors saw its fund sales surge in 2013, but redemptions in the Nordic region removed a little of the shine, according to its 2013 earnings released today.

Gross UK sales surged 68% to £7.6 billion in the year to December following last year's hire of star equity manager Richard Buxton, although £6.9 billion of disposals and redemptions outside the UK reduced net sales to £700 million, against £300 million in 2012.