Lansdowne Partners completes acquisition of CRUX Asset Management

New manager for CRUX European equity funds

Lansdowne Partners has completed the acquisition of CRUX Asset Management as the boutique’s European equity funds are handed to a new portfolio manager following the retirement of Richard Pease.

The acquisition, which was first announced on 31 May, was approved by the Financial Conduct Authority at the end of July and was completed on 14 August, with Lansdowne Partners taking full ownership of CRUX.  Brian Heyworth, co-managing partner at Lansdowne Partners said the acquisition of CRUX has "significantly strengthened" the firm's UCITS offering.  "The transaction has been completed ahead of schedule, reflecting the strong cultural fit between our firms and the close alignment of our investment approaches," he said.  Lansdowne Partners buys CRUX Asset Management As announ...