The ‘four key criteria’ Pease and Milne will seek in the stocks they buy are companies that are not highly capital intensive but generate good cash-flow, those with high barriers to entry and strong pricing power, businesses whose management have proven track records as well as meaningful stakes in the companies, and those that have relatively conservative valuations versus their peer group.
“We are very pleased to launch the first completely new fund for CRUX Asset Management,” Pease said. “James and I have worked together for many years, successfully managing similar mandates and with Roland’s support we look forward to bringing a compelling new strategy to investors. With the flexibility built into this fund we can offer our investors the most attractive European opportunities.”
“With the successful transfer of the CRUX European Special Situations Fund and the recent appointment of Karen Zachary as our new COO, the company is on a stable and strong footing for new business,” added CEO Alistair Reid.
