New Office
FCA Clears Asset Management Firm To Operate In UK
The firm will provide asset management solutions to both institutional and professional investors.
UK watchdog Financial
Conduct Authority has authorised the registration of Cresco
Capital Management (UK), as it looks to expand its global
asset management operation.
CCM is headquartered in London and will provide asset
management solutions to both institutional and professional
investors, the firm said in a statement.
The firm's core offering is the CrescoCap Multi Strategy Fund
which trades in the G-10 currency markets. It will also
offer clients asset management foreign exchange strategies, forex
hedging and currency overlay and financial wealth portfolio
advisory services.
"Our clients will appreciate the confidence and regulation that
comes with FCA authorisation, and it gives our growing company
the opportunity to take further advantage of London's established
financial infrastructure," said Derek Mayne, managing director of
CrescoCap. "More investors can now enjoy our personalised,
results-oriented approach to protecting and growing wealth."
CCM is part of the Cresco Group, which consists of CrescoCap,
CrescoFX and the CrescoCap Multi Strategy Fund. CrescoFX
was founded by engineer-turned-entrepreneur Derek Mayne in 2011
and was licensed in Malta in 2013 and then in the UK in 2017.
CrescoCap was established in 2014 as appointed representative
under FCA regulations.
