Cru Investment Management, the investment company behind the ill-fated Arch Cru fund range was officially confirmed as being in liquidation today.

At a hearing at the High Court, Mrs Registrar Dennett, confirmed the company was now subject to the rules of a creditors voluntary liquidation (CVL) order.

The court heard how Investec Asset Finance plc had issued a winding up order against the firm only to withdraw this request when it learnt that Cru Investment Management had now been placed in ‘voluntary’ liquidation.

Investec Asset Finance was advised on 12 February 2010. As a result, Registrar Dennett dismissed the petition subject to costs under the usual CVL terms.

A meeting of creditors of Cru Investment Management will now take place at the Future Inn, Cardiff Bay, Hemingway Road, Cardiff on 23 March 2010 at 1130 hrs.

The meeting will also offer an opportunity for third parties to see the terms on which the liquidators will be remunerated and a statement of affairs of the business.

A full list of the company’s creditors will also be published two days before this meeting is held. What Investment.co.uk will publish the list as soon as it is publicly available.

Cru Investment Management originally suspended six of its funds on 13 March 2009.

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