The once seemingly unstoppable growth of star manager Richard Buxton’s UK Alpha Fund at Old Mutual Global Investors ground to a halt in the third quarter.

Assets under management at Buxton's fund were £1.49 billion as of September 30, 2014, according to OMGI's third-quarter update, a slight fall from the £1.5 billion at the end of July. However, for the year-to-date AUM at the fund increased by 42%.