The Sub-Fund will invest at least eighty-five percent (85%) of its assets in the FP CRUX UCITS OEIC - FP CRUX European Special Situations Fund (the “Master Fund”). Therefore, the investment objective of the Sub-Fund shall be read in conjunction with the one of the Master Fund. The investment objective of the Master Fund is to achieve long term capital growth by investing in European (excluding the UK) equities of companies in special situations.
The Master Fund is a sub-fund of FP CRUX UCITS OEIC, an open-ended investment company authorised as a UCITS (within the meaning of the UCITS Directive) and supervised by the FCA, incorporated with unlimited duration under the laws of England, having its registered office at Cedar House, 3 Cedar Park, Cobham Road, Wimborne, Dorset BH217SB, and registered under number IC001022.
The Master Fund is a master fund within the meaning of the 2010 Law and must be able to be categorised as such at any time, i.e., it must (i) have at least one feeder UCITS among its shareholders, (ii) not be a feeder UCITS itself and (iii) not hold units in a feeder UCITS.
The financial year of the Master Fund ends on 30 September each year.