Arch offshore fund values plummet

Arch's 22 Guernsey-domiciled offshore portfolios, which include three cru vehicles, saw their values plunge between 11 and 13 March after most of the vehicles enjoyed relatively smooth performance in the previous months. The Arch Real Estate fund saw its value fall by nearly 40%, while funds which should have no correlation to each other, such as Arch Global Forestry and Arch Fine Wine, dived by about 10%, according to Trustnet. Investment Week and IFAonline first revealed last Friday FundsNetwork and Cofunds refused to take investor money into the onshore CF Arch cru fund range up to e...