Arch cru valuations to take at least six weeks

Investors in the stricken Arch cru range face a further six to eight weeks wait to find out the value of the funds' assets.

Authorised corporate director Capita, along with PricewaterhouseCoopers, have confirmed the existence of underlying assets in the suspended range. This will offer some relief to about 20,000 investors in the stable of funds, which have been suspended since March. But Capita added it was still in the process of determining the value of these assets and investors would have to wait six to eights before the completion of the review into the suspension of dealings in the funds' shares. It blamed the delay on the Guernsey-incorporated holding companies, which should have published their...