Cru is considering an approach to former Arch CIO Michael Derks, with a view to him helping them assume investment management duties over the Arch Cru range.
The company, which handles marketing and distribution for the currently suspended private equity funds of funds, announced last week it was interested in replacing Arch as investment adviser to the products.
In a letter to advisers with clients invested in the funds, cru MD Marc Ainscough suggests Derks could form part of this plan.
"We are considering the role that cru can play to facilitate a better management structure going forward, if it is considered that the existing structure would benefit from strengthening," he says.
"Given the fact that Michael Derks has resigned as CIO of Arch this may present a hitherto unforeseen possibility.
"It may be possible to structure an arrangement whereby investors can continue to benefit from his skills and insight if, say, he would be willing to assume a role alongside cru as an expert on a formal Joint Investment Committee perhaps alongside an established multi manager research house.
"If necessary this could be structured through a new asset management business, though this would not appear to be a necessary step."IFAonline
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