Fidelity platform restricts Crux European Special Situations fund after Richard Pease retirement

MIGO Opportunities also restricted

Fidelity’s personal investing platform has restricted new investments into the MIGO Opportunities trust and TM Crux European Special Situations fund.

Under the restrictions, clients can redeem existing holdings in the funds but cannot buy shares through the platform until further notice. The restrictions were placed on MIGO and Crux European Special Situations on 7 and 14 September, respectively.  Following the retirement of Crux founder Richard Pease at the end of August, and Lansdowne Partners' acquisition of the firm, Daniel Avigad took over the management of the TM CRUX European Special Situations fund and its Luxembourg-domiciled counterpart on 1 September. Lansdowne Partners completes acquisition of CRUX Asset Management P...