Tom Messenger has joined Crux Asset Management’s UK equities investment team as an analyst. He will support Richard Penny (pictured) on the TM Crux UK Special Situations and TM Crux UK Core funds.
Messenger was previously an investment analyst at Momentum Investment Solutions & Consulting, which he joined in July 2018. Before that he was an equity research analyst at Third Bridge Group.
The £228m TM Crux UK Special Situations fund’s performance has strongly mimicked its benchmark, the IA UK All Companies sector, over the past 12 months – a stark change from its significant outperformance over three years, which has seen it deliver 30.7% against 10.4% from its benchmark, according to Trustnet.
In contrast, the consistently top quartile £50.5m TM Crux UK Core fund has outperformed the IA UK All Companies across all standard timeframes – achieving 8.8% in one year versus its benchmark which dropped -2.2%.
Crux chief executive Karen Zachery said Messenger’s appointment “will deepen our research into UK companies experiencing strong growth but trading at attractive valuations”.
“In addition, it enables us to further expand our research universe and continue to identify those British companies where the prospects of management change and a recovery in earnings are undervalued by the market. Tom’s strong analytical skills will be an asset to the team.”
See also: US investment firm takes 20% stake in Crux Asset Management
