Arch Financial Products has made a bid to improve the transparency of its funds, including the suspended Arch cru range, with the launch of a new website.
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.
Cru is considering an approach to former Arch CIO Michael Derks, with a view to him helping them assume investment management duties over the Arch Cru range.
Arch Financial Products says it asked the FSA to restrict its ability to manage investments, including the suspended Arch cru range, in a bid to reassure IFAs and investors.
Jon Maguire, the chairman of under-fire cru Investment Management, has taken time out from trying to sort out the back-lash from the suspension of his Arch cru fund range to challenge Madonna to a debate on her plans to adopt a second child from Malawi....
The value of Arch's entire offshore fund range slumped between 10% and 40% in the days leading up to its onshore fund suspension.
The value of Arch's entire offshore fund range slumped between 10% and 40% in the days leading up to its onshore fund suspension.