CRUX UK Fund is co-managed by Jamie Ward and Patrick Barton, Patrick having managed the Fund strategy since October 2007 with Jamie co-managing the Fund since December 2015.

The Fund aims to achieve the investment objective by invested primarily in the equities of companies listed on the UK stock exchanges, though at time is may have up to 15% invested in non-UK stocks.

Fund Name FP CRUX UK Fund
Restructured Previously CFIC CRUX UK Fund (changed 30.06.2017)
Fund Manager(s) Jamie Ward & Patrick Barton
Manager Tenure 25th March 2011*
IA Sector IA UK All Companies
Status OEIC (UK)
Pricing Frequency Daily, noon
Strategy Long only equities

* Jamie Ward tenure started December 2015

The Fund is a high conviction, concentrated portfolio of 20-30 stocks that is long-only equity. It is based on long-term investment, not speculation, leveraging the power of compounding.

The Fund exploits market inefficiency by investing for the long-term in underappreciated companies. By applying a demanding and consistently applied screening and valuation process we ensure only those businesses with the best long-term potential are selected for the portfolio. We believe that price matters most; buying these companies at the right price – below their intrinsic worth – will produce investment outperformance over time. The Fund has the ability to invest up to 15% in non-UK stocks.

The FP CRUX UK Fund employs a rigorous screening process that asks three key questions:

  1. Do we understand the business?
  2. Is the business comfortably economic over the cycle?
  3. Do we trust the management?

Companies that pass all three stages of the screen are then put through the same valuation process that looks at their characteristic and cash generation through the business cycle which tends to lead to the selection of stocks with characteristics that include: low capital intensity, consumer brands, strong balance sheets, barriers to entry and durability. This rigorous valuation enables a long-term, low-turnover approach that looks beyond short-term volatility to deliver long-term dividend and capital growth.

Fund Prices

Fund Managers

Jamie Ward
Jamie has been the Co-Manager on the FP CRUX UK Fund since December 2015

Patrick Barton
Patrick has over 35 years of industry experience, he returned to fund management at Williams de Broe in 2007, running what is now the FP CRUX UK Fund.

Fund Objective

Its aim, over time, is to preserve and enhance the real value of capital allocated to the Fund and to exceed materially UK Equity market returns.

Expertise and experience - that's the      Contact Us

Authorised and regulated by the Financial Conduct Authority (ref:623757)

CRUX Asset Management Limited is registered in England & Wales, company number 08697189

Registered Office

5 Stratton Street,
London W1J 8LA

© 2018 CRUX Asset Management Limited. All Rights Reserved

How CRUX uses cookies The CRUX website uses cookies and similar technologies. Cookies are a widely adopted method of helping site owners improve the efficiency of their websites and gain information about how their sites are being used. Click here to read our full cookie policy and find out how to change your cookie settings. Otherwise, we'll assume you're OK to continue. Don't show this message again