View more on these topics

Private function for so solid Cru

Cru Investment Management says sales of its multi-mana- ger portfolios have increased on the back of strong performance driven by investment in private companies.

Cru has over £375m under management and its flagship CF Arch cru investment portfolio fund has seen its market share of retail monthly sales more than double within a year from around 3 per cent to nearly 8 per cent.

Cru says private markets have historically shown low correlation with publicly quoted bonds and equities while offering attractive returns relative to risk levels.

The company’s private market investments have beaten cash and flourished, with some investments returning 5 to 6 per cent in the year to date.

Cru also attributes its performance to avoiding problem assets. It sold out of fixed interest in November 2005, property in March 2007 and public market equities in July 2006.

Chairman Jon Maguire says: “You only have to look at the torrid conditions in traditional asset classes such as public stocks, bonds and property over the past year or so and you see why the performance gap has widened between funds in our peer group that major in public markets and ourselves.

“Private markets are not impacted to the same extent by the economic cycle or liquidity issues which have been a vital contributor to performance in the recent invest- ment climate.”


Historic events

In this last in the series on the taxation of investment life insurance policies effected by companies, I would like to look specifically at how the new loan relationship rules are applied when the investing company adopts an historic cost basis of accounting in respect of the investment. I looked last week at how the fair value basis operates. The Finance Act anticipates both bases.

Royal Liver plans new life cover

Royal Liver has unveiled plans to launch a product similar to the Fortis’ real life cover. It will be working with Lifesearch to create its own version of the product.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm