CRUX transfers Global fund to Tyndall IM

Tyndall set up in 2016

CRUX Asset Management has transferred its £25m Global fund to Tyndall Investment Management, with fund manager Richard Scrope also moving across.

The FP CRUX Global fund has been renamed the FP Tyndall Global fund, effective today, and the investment strategy under Scrope will remain unchanged. CRUX AM, which was set up by ex-Henderson fund manager Richard Pease in 2014, said the move would allow it focus on its core regions of Europe and the UK. It currently runs three European funds and one UK fund. Scrope joined CRUX at the start of 2017 when the firm acquired a trio of Oriel Asset Management funds from City Financial. According to FE, over the past year the Global fund has returned 11.4% versus 10.5% for the IA Global...