Cru demands response

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Cru Investment Management is demanding Capita responds to its plans to take over managing the suspen...

Cru Investment Management is demanding Capita responds to its plans to take over managing the suspended Arch cru fund range. The funds of private equity funds, suspended over liquidity concerns in March, have Arch Financial Products for their existing investment manager and Capita Financial Group as Authorised Corporate Director. But cru last week mooted taking over Arch's role. Managing director Marc Ainscough says: "We have in writing asked Capita to comment on the merits of this option and what substantive discussions would be necessary to facilitate an independent assessment of the meri...

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