Regulation  

Arch Cru investors have received 31% of repayments

The Arch Cru funds have paid out 31 per cent of their last recorded net asset value to investors, as their current manager Brooks Macdonald continues to wind up the products.

In its latest report to investors, covering the 12 months to the end of March, authorised corporate director Capita said the seventh payout to investors in the funds had distributed roughly £9.7m.

It brings the total paid out to investors in the funds since they were suspended in March 2009 to £112.9m, or 31 per cent of the funds’ collective value at the time of suspension.

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The final realised value of Arch Cru’s assets will have a bearing on the amount of compensation paid to investors through the various schemes set up by the FSA, the previous regulator. It agreed a £54m compensation scheme funded by Capita, HSBC and BNY Mellon in June 2011 and also sought to raise £141m through an adviser-funded scheme earlier this year.