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Arch finance fund raises £40m since launch
Arch Financial Products has raised £40m since launching its new finance fund in November.
The CF Arch Cru Finance fund, which aims to provide returns above the current Bank of England base rate, has generated returns of 1.47 per cent.
Arch said the fund, as it gained exposure to short to medium-term private finance deals, had profited from banks' ongoing reluctance to lend.
Robin Farrell, chief executive at Arch, said: "The amount of investment this fund has taken in since its launch in November is reflective of current investor sentiment.
"People are looking for a safe haven that presents a low-risk opportunity in the current environment, while still providing a good rate of return."
Marc Ainscough, managing director at Cru Investment Management, added: "We launched the fund to capitalise on IFA demand for a low-risk investment vehicle ideally placed to capture returns in the current market."
Initial charges for the fund, available through a number of platforms, have been waived until January 31 to build market share, Arch said.
