Christopher Addenbrooke, CEO at Capita Financial Managers, is under pressure to explain how the Arch Cru fund range was allowed to fail while his firm was in charge of its management.
Investors have written to their MPs asking that they bring Addenbrooke under the scope of next month's enquiry into the affair. As authorised corporate director, Capita was in charge of the day-to-day management of the "low risk" funds which were found to have lost approximately 40% of their value when they were suspended in 2009. Investors allege the firm failed to comply with any of the FSA's seven Statements of Principles regarding the management of compliance. They want Addenbrooke to answer questions- see below - based on the statements about his firm's oversight of the invest...
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