Arch Cru investors 'close to tears' after Capita offers '10-15%' of capital

Capita Financial Managers last week sent a letter to investors who lost money in the Arch Cru fund range to set out their individual entitlements under a £54m "redress determination" scheme, announced on 21 June. The FSA has said the deal should return approximately 70% of investors' capital, on the basis of an upfront sum from the three companies and the assumption there will be further cash distributions from the fund as it is wound down. Investors who received their offer at the weekend said the upfront sum represents between 10-15% of their initial investment in cash terms, accord...