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...
Japanese stocks have more than doubled their returns since December 2012, on the back of Abenomics, but many investors are still not convinced of the sustainability of the rally.
Shares up 15% on Friday