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

Converting £1.9bn European Special Sits fund

Tom Eckett
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Richard Pease of CRUX
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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...

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