Lansdowne Partners, an alternative investment management firm, agreed to acquire CRUX Asset Management, an employee-owned fund management firm. Financial terms were not disclosed. “I am delighted that CRUX will benefit from being a part of Lansdowne Partners and I am confident there is no better home for our clients and staff to thrive. Daniel is a natural successor for the TM CRUX European Special Situations Fund and TM CRUX European Fund and I look forward to introducing him to clients and working closely with him in the months ahead to ensure a smooth transition at completion," Richard Pease, CRUX Founder.