CRUX (Lux) European Special Situations Fund

CRUX (Lux) European Special Situations Fund has been managed by Richard Pease and James Milne since its launch.

The aim: to capture growth while protecting the portfolio from potential downside the CRUX (Lux) European Special Situations Fund has a rigorous investment approach, seeking to achieve long-term capital growth by identifying and investing in the best stock ideas within its investment universe.

CRUX (Lux) European Special Situations Fund will be a close reflection of the ‘onshore’ FP CRUX European Special Situations Fund, although cash positions in the two are likely to vary due to differing flow dynamics and currency. 

 Fund Name  CRUX (Lux) European Special Situations Fund
 Restructured Previously CRUX European Special Situations Feeder Fund (changed 08.03.19) 
 Fund Manager(s)  Richard Pease & James Milne
 Inception  1 June 2017
 Benchmark  FTSE World Europe ex UK EUR
 Status  UCITS (Luxembourg)
 Pricing Frequency  Daily

 


CRUX (Lux) European Special Situations Fund will be a close reflection of the ‘onshore’ CRUX European Special Situations Fund, although cash positions in the two are likely to vary due to differing flow dynamics and currency.

CRUX (Lux) European Special Situations Fund aims to achieve long-term growth by investing in European companies in special situations (5% maximum in UK).

  • Alpha generation driven by bottom-up stock selection
  • Emphasis on active management seeking long-term capital growth
  • Disciplined, research-driven investment process
  • Not benchmarked; country weightings are a result of the fund’s investments
  • Low portfolio turnover

CRUX (Lux) European Special Situations Fund follows the same rigorous investment approach as the CRUX European Special Situations Fund, focusing on four key criteria for stock selection:

  • Companies that are not highly capital intensive but generate good cash flow that is either invested in the business, put to work in corporate actions such as M&A or returned to shareholders as dividends;
  • Companies with high barriers to entry and strong pricing power, enabling them to produce robust earnings with good growth potential;
  • Businesses whose management have proven track records as well as meaningful stakes in the companies they run;
  • Companies that have relatively conservative valuations versus their peer group.

Fund Prices

Fund Managers

Richard Pease
Richard has over three decades of experience in the financial industry. He has managed the CESSF fund since its launch in October 2009.

James Milne
James has been the Co-manager on CESSF since launch in October 2009.

Fund Aim

The fund aims to achieve long term capital growth by investing in European (ex UK) equities of companies in special situations.


Expertise and experience - that's the      Contact Us

Authorised and regulated by the Financial Conduct Authority (ref:623757)

CRUX Asset Management Limited is registered in England & Wales, company number 08697189

Registered Office

48 Pall Mall,
London SW1Y 5JG

© 2019 CRUX Asset Management Limited. All Rights Reserved

How CRUX uses cookies The CRUX website uses cookies and similar technologies. Cookies are a widely adopted method of helping site owners improve the efficiency of their websites and gain information about how their sites are being used. Click here to read our full cookie policy and find out how to change your cookie settings. Otherwise, we'll assume you're OK to continue. Don't show this message again