A new agreement signed by HMC Itajubá –HMC Capital’s Brazilian branch– will grant Latin American investors access to boutique CRUX Asset Management’s specialized strategies.
According to a press release, the agreement with the London-based firm will allow HMC Itajubá to distribute their strategies, that have strong investing capabilities in Asia, Europe, and the UK.
CRUX is an active equity investment manager with 1.7 billion pounds in AUM (over 2.3 billion dollars). Established in 2014, the firm’s three core equity teams focus on Europe, the UK and Asia, with a bottom-up, high-conviction stock selection approach.
According to their press release, HMC will distribute CRUX’s strategies, including two of their outstanding funds: the CRUX Asia ex-Japan Fund, which was launched in October 2021, and the CRUX China Fund. Both vehicles are managed by Ewan Markson-Brown, who joined the London-based manager in September 2021 and has spent over 20 years managing emerging markets and Asia portfolios.
This distribution agreement strengthens HMC Itajubá’s goal of representing leading fund managers, offering specialized investment opportunities to its clients in Chile and Brazil.
“CRUX Asset Management is one of the top boutique asset managers. We look forward to working with them and are proud to represent and help expand the firm’s presence in Latin America and to offering our clients access to top fund managers with a long and consistent track record of positive alpha” said Nicolás Fonseca, Head of Institutional Sales in HMC.
“We are pleased to partner with HMC Itajubá and to have the opportunity to expand our international distribution to new potential clients”, said CRUX’s CEO, Karen Zachary. “Investors may find additional diversification and yield benefits in our UK, European and Asian equity offerings which could help to position portfolios for the mid and late cycle environments”, she added.
HMC Capital has offices in Chile, Perú, Colombia, México, Brazil and the United States, and has 15 billion dollars in assets under management and distribution from institutional, multilateral & private investors.
For Magdalena Martínez
For Javiera Donoso