Nvesta boards arc

Arc Fund Management Holdings has completed the acquisition of Nvesta, the UK structured product provider, for £410,000, payable in cash on completion. With immediate effect, all of Nvesta's assets and liabilities have been acquired by Arc. Nvesta has estimated funds under management of £120 million and the firm's audited accounts for the 15 months ended September 30, 2005 showed a loss of £112,000 on turnover of £1.2 million and net assets of £598,549.

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