Jon Maguire says he will "never allow the same mistakes to happen again" that led to the suspension of the CF Arch cru fund range in March 2009, as he embarks on a new investment venture.
The chairman of cru, which marketed the stricken fund range to advisers, says he wants "closure" on the issue by ensuring the 20,000 investors get compensation. However, he acknowledged this could take many months, or years. Maguire says he is currently mounting a legal challenge with lawyers Foot Anstey to force administrators Capita to fully disclose the assets held in the Guernsey cell companies that underpinned the Arch range. This would then give Maguire and the 100 IFA firms and 50 private investors supporting him through the Arch Capita Compensation Group more ammunition to tar...
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