Lansdowne Partners to acquire CRUX Asset Management Limited

It was announced on 31 May 2023 that CRUX Asset Management Limited will be acquired by Lansdowne Partners, subject to FCA approval.

Lansdowne Partners was founded in 1998 as an investment management company and is predominately known in the institutional space.

CRUX have confirmed that upon completion of the deal, Richard Pease, who is well known for having managed European funds for over three decades, will retire. The rest of the European team, the UK team led by Richard Penny and the Asia team led by Ewan Markson-Brown will join Lansdowne Partners.

We don’t currently think investors need to take any action if their funds continue to meet their investment objectives.

Acquisitions and other corporate changes can unsettle investment teams, which can create potential for additional fund manager or product changes later down the line. We'll continue to monitor the situation and keep investors informed of any further developments, or if our views change.