FundRock Management Company has been selected by CRUX Asset Management to provide management company services to its new UCITS fund, the CRUX Global Fund.
Services include the supervision of the delegated functions (portfolio management, central administration, distribution) and risk monitoring.
Established in 2014, CRUX Asset Management is an employee-owned fund management firm headquartered in London. The CRUX Global Fund will launch one sub-fund at the outset, the CRUX European Special Situations Feeder Fund, and will invest the majority of its assets into the GBP1.5 billion FP CRUX European Special Situations vehicle. The new fund will launch on 15 May 2017.
Mark Little, director of distribution at CRUX, says: “Following a deep search we chose to partner with FundRock for this new initiative based on their proven expertise and high levels of client service. The CRUX European Special Situations Fund has an enviable track record of producing exceptional returns for investors: with this launch, we offer greater levels of accessibility to the strategy to new and existing clients in Europe. It is in line with our long-term commitment to broadening our distribution channels in the UK and across Europe which we believe have considerable growth potential for our business.”
Revel Wood (pictured), CEO of FundRock, adds: “We are delighted to be the partner of choice for CRUX and we look forward to providing our resources and strong expertise in order to enable the firm to focus undistracted on its core business activity.”