Investors in the stricken Arch cru range face a further six to eight weeks wait to find out the value of the funds' assets.
Authorised corporate director Capita, along with PricewaterhouseCoopers, have confirmed the existence of underlying assets in the suspended range.
This will offer some relief to about 20,000 investors in the stable of funds, which have been suspended since March.
But Capita adds it is still in the process of determining the value of these assets and investors would have to wait six to eights before the completion of the review into the suspension of dealings in the funds' shares.
It blames the delay on the Guernsey-incorporated holding companies, which should have published their annual audited financial results at the end of September, but have pushed back their publication by four to eight weeks.
"The finalisation of our valuation of the fund (CF Arch Cru Investment Portfolio, CF Arch Cru Specialist Portfolio, CF Arch Cru Global Growth, CF Arch Cru Balanced, CF Arch Cru Income Fund and CF Arch Cru Finance) is dependent on the availability of this information," Capita reveals in a letter to shareholders.
Capita, which has responsibility for settlements, suspended the Arch cru funds due to a lack of liquidity to deal with redemptions.
The ACD warns investors that shareholders should be prepared for a fall in the value of the underlying assets of the holding companies and therefore the value of the assets of the funds.
In June, cru Investment Management chairman Jon Maguire said he expects the re-evaluation to lead to losses of at least 25% of the total NAV on units.
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