People Moves
Who's Moving Where In Wealth Management? – CRUX
The latest senior moves and appointments in the UK, rest of Europe, Middle East and select international locations.
CRUX Asset Management
CRUX Asset
Management Ltd has appointed investment analyst Tom Messenger
to strengthen its specialist UK equities investment team.
Messenger will support AAA Citywire-rated fund manager, Richard
Penny, on the TM CRUX UK Special Situations Fund and the TM CRUX
UK Core Fund, the firm said in a statement.
Previously, Messenger had been an investment analyst at
Momentum Investment Solutions & Consulting since July 2018 and an
equity research analyst at Third Bridge Group Limited prior to
that, the firm added.
“His 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,” Karen Zachary, CEO at CRUX, said.
The ÂŁ236.2 million ($289.47 million) TM CRUX UK Special
Situations Fund has generated a 35.6 per cent return for
investors over its first three and a half years as at 30
April 2022, underscoring the attractions of long-term
capital growth through bottom-up investing in mispriced British
stocks, the firm said. Established in 2014, London-based Crux is
an active equity investment manager with ÂŁ1.7 billion ($2.08
billion) assets under management, specialising in UK, European
and Asian investments.
