Our Company

CRUX Asset Management is a UK based fund management group managing long-only equity investments for investors. Established in 2014, our team of investment professionals has decades of fund management experience between them. Active investment management....that's the CRUX.

FP CRUX UK Special Situations Fund

Richard Penny started managing the FP CRUX UK Special Situations Fund in September 2018. An all market cap Fund with a bias towards mid cap stocks, and the opportunity for 20% investment outside the UK.

The FP CRUX UK Special Situations Fund identifies high quality businesses with low levels of debt, run by strong management teams, where the business has an economic advantage with the potential for high returns on capital and growth.


The FP CRUX UK Fund is an actively managed long-only UK Fund. Jamie Ward has co-managed the Fund since 2015 and has been sole manager since March 2018. The Fund aims to achieve its investment objectives by investing primarily in the equities of companies listed on the UK stock exchanges, though at time it may have up to 15% invested in non-UK stocks.

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.

Our Company

We are a privately-owned company set up by a group of well qualified and highly-experienced investment professionals dedicated to providing superior investment returns and excellent client service. If you have any questions regarding our company or our approach to investment, we would be delighted to hear from you.

Our Philosophy

The philosophy of the investment team is unwavering. At CRUX Asset Management we firmly believe in the concept of time as our friend. We invest for the long-term, never swaying from our investment principles and standing by our convictions.

Our Values

At the heart of our company lies our strongest core value of alignment. We align our investment aims with those of our clients by investing meaningful amounts of our own assets in our funds. All employees are offered equity in the company meaning that they share in the success of the business - we believe this to be a further testament to our commitment to our clients' best interests.

Latest News

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

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

Registered Office

48 Pall Mall,
London SW1Y 5JG

© 2019 CRUX Asset Management Limited. All Rights Reserved

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