CRUX to convert Pease's fund into directly-invested Luxembourg vehicle amid Brexit fears

Converting £1.9bn European Special Sits fund

Tom Eckett
Richard Pease of CRUX

Richard Pease of CRUX

CRUX Asset Management is planning to convert the Luxembourg-domiciled CRUX European Special Situations "feeder fund" into a directly-invested fund amid concerns around passporting once the UK leaves the European Union on 29 March.

The new directly-invested fund will replicate the UK-domiciled vehicle and will mirror it as closely as possible, although cash positions will vary due to differing flow dynamics and currency. CRUX...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Funds

Former fund manager Neil Woodford

Link invests more into Woodford stock Mafic

Fund now sits at £124.3m

clock 30 November 2021 • 1 min read
FCA scraps MiFID research rules on small-caps

FCA scraps MiFID research rules on small-caps

£200m threshold

clock 30 November 2021 • 1 min read
UCITS and AIF assets grow in Q3

Retail investors show 'confidence' in long-term UCITS funds in Q3

H1 marked by “significant” reallocation, says EFAMA

clock 29 November 2021 • 1 min read