Cru director Jon Maguire has pledged to lead the fight for compensation for investors who bought Arch cru funds at 'inflated' unit prices offered by Capita in its role as ACD.
He has also demanded a full investigation into all parties involved in the suspension of the Arch cru fund range in March. Capita, working with a number of independent legal and accountancy firms both within the UK and in Guernsey, is currently revaluing all assets held within the Oeics to ascertain the best course of action. It hopes to have completed the process by the end of the month with a full and detailed report due to be sent to all unit holders shortly afterwards. Maguire says he expects the re-evaluation to lead to losses of at least 25% of the total NAV on units, which would ...
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