Russ Oxley, the star bond manager who left Ignis Asset Management amid its acquisition by Standard Life Investments last year, has pulled in £500 million for his new fund at Old Mutual in just two months, surpassing the size of his old fund.

In a statement on December 7, Oxley said it was "pleasing" to have passed the £500 million milestone for the Old Mutual Absolute Return Government Bond Strategy in "such a short period of time". The new strategy was launched in October, while Oxley started at the firm in April as head of fixed income absolute return.