CRUX UK Fund is managed by Jamie Ward. Jamie has been sole manager on the Fund since March 2018.

The Fund aims to achieve the investment objective by investing primarily in the equities of companies listed on the UK stock exchanges, though at time it may have up to 15% invested in non-UK stocks.

Fund Name FP CRUX UK Fund
Restructured Previously CFIC CRUX UK Fund (changed 30.06.2017)
Fund Manager(s) Jamie Ward
Manager Tenure December 2015
IA Sector IA UK All Companies
Status UCITS (UK)
Pricing Frequency Daily, noon
Strategy Long only equities

The Fund is a high conviction, concentrated portfolio of 20-30 stocks that is long-only equity. It is based on long-term investment, not speculation, leveraging the power of compounding.

The Fund exploits market inefficiency by investing for the long-term in underappreciated companies. By applying a demanding and consistently applied screening and valuation process we ensure only those businesses with the best long-term potential are selected for the portfolio. We believe that price matters most; buying these companies at the right price – below their intrinsic worth – will produce investment outperformance over time. The Fund has the ability to invest up to 15% in non-UK stocks.

The FP CRUX UK Fund employs a rigorous screening process that asks three key questions:

  1. Do we understand the business?
  2. Is the business comfortably economic over the cycle?
  3. Do we trust the management?

Companies that pass all three stages of the screen are then put through the same valuation process that looks at their characteristic and cash generation through the business cycle which tends to lead to the selection of stocks with characteristics that include: low capital intensity, consumer brands, strong balance sheets, barriers to entry and durability. This rigorous valuation enables a long-term, low-turnover approach that looks beyond short-term volatility to deliver long-term dividend and capital growth.

Fund Prices

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