Should Maguire be out of the country at a time like this?

They are hardly Samurai, it is a job, a business it goes wrong you pick yourself up and get on with your life.

What about Woolworths and all of the people who lost their jobs there, because management at one point or another decided they werent a penny (pound shop with inflation!) shop anymore?

What shall we do with everyone who fails?

Is this the same Jon Maguire who, if my memory serves me right, used to work as a Broker Consultant for L&G in the West Country about 20 years ago and who used to visit the intermediaries in his territory wearing a morning suit and top hat?

If so, says it all really!!!

May be he just needs a wee break. Can't really hold that against someone - the Simpsons make more enjoyable viewing than the six o'clock news.

Feel sorry for the advisers and clients who thought that their blackbox had all the solutions. Not critquing anyone either as in these dangerous times everything we thought we knew is not as it was.

Kind of put off by the advertisement showing a girl in the evening dress lolled over selling me their funds. Reminded me of the Tenants cans of lager advertising - would everyone have just been better with a six pack and a hangover?

Clearly mad.

I hear off the grape vine Jonathan Maguire was once a preacher and now believes god has called him to save Africa.

I met him a few years ago, he was clearly half cut whilst presenting at the cru roadshow.

slurring the pit falls of investment within property and that the cru funds did not touch property. However a week later property was introduced to the funds.

walk away ...

Your opening question for 10.

Who said

"God told me two years ago that if I would look after Africa he would look after cru".

It took God 2 years to see through Mr Maguire, so don't feel to bad we didn't spot it.

The alarm bells are ringing, clearly and loudly.

Apparently according to Maguire's Africa presentation the Africa Fund is endorsed by the UK Government in Davos. Poor Douglas Alexander MP, you would think he would have done his due diligence on Maguire before making such a statement.

My my it looks like I've stumbled on the Jon Maguire love in... NOT !

I find it more than mildy amusing that so many of you don't want to disclose your full identity on here. What are you afraid of ? Perhaps that Mr Maguire will call down fire from heaven on you !

Can I suggest that before you character assasinate the guy any more at least wait to hear the outcome of discussions between Capita, Arch and the FSA.

It seems that it does not pay to upset Citywire editor and his staff. I have just seen the article on RAB Capital Assets (74% write down and three year lock-in) and it seems that it did not attract either the vitriol or personal attack that cru managed to 'achieve'. Whilst Mr Maguire has a lot of questions to answer and his launch of a new fund is - in his own words not great timing - I think we should await Arch and Capita before we crucify this fund and the advisers that used it any further. I think it would also be a good idea if those oh so clever IFA's who can always se into the future were forced to give the results from a random selection of their client portfolios over the last eighteen months. Mr Maguire is a fool in as much as he has a nasty habit of going to Press on all matters that upset him and this has neither served IFA's, investors or his Staff well as we can now see. I still feel that the fundamental investment approach of the fund - which despite Mr Maguire's protestations had very little o do with him will prove to be worthwhile if a fire sale can be avoided. As for his latest venture well I suppose the IFA support will be the proof in the pudding.

I think you should all read the article in the link below- maybe we should ask the South African IFA community to review new products for us.

http://www.moneyweb.co.za/mw/view/mw/en/page38?oid=236472&sn=Detail

An educated guess:

Capita and the FSA have clearly decided what to do. For goodness sake, meetings with regards to such matter do not take very long.

I think that Capita are about to get their hands slapped and probably want rid of the cru funds asap. A mixture of firesale and hold on, probably mostly firesale.

The very nature of private equity and an OEIC sitting in the IMA cautious managed sector does not bode well.