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  #21  
Old 31.01.2012, 00:00
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Re: Fund management entity structures: Is this legal?

Stupid question. Is this gentleman related or is it just complete coincidence that he shares a name with the protaganists in this web:

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  #22  
Old 31.01.2012, 00:18
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Re: Fund management entity structures: Is this legal?

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Stupid question. Is this gentleman related or is it just complete coincidence that he shares a name with the protaganists in this web...
No, not the same but seeing as names are not to be mentioned I was wondering if it was this guy:

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  #23  
Old 31.01.2012, 10:55
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Re: Fund management entity structures: Is this legal?

Could be this one: CEO interviewed
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  #24  
Old 31.01.2012, 23:01
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Re: Fund management entity structures: Is this legal?

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Stupid question. Is this gentleman related or is it just complete coincidence that he shares a name with the protaganists in this web:

This guy is nothig to do with the beers he works for a firm in Zurich
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  #25  
Old 07.02.2012, 17:49
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Re: Fund management entity structures: Is this legal?



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  #26  
Old 12.03.2012, 17:38
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Re: Is this legal?

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The guy who owns all them also owns, Trafalgar in Switzerland and owns 2 Trustee companies in guernsey which Qrops are pushed through.
In South Africa he has been selling his own funds for years I.E the VAM fund.
Evidence of connections to the beers involving Company A and Company B:

1. Company A promotes the above funds (see logo). See above quote and rest of thread about ownership of those funds.

2. Commercial registry entries for companies A and B (here and here) show that they are connected, having a person in common.
So which products/companies does Company B recommend? It's website, which looks very professional and stresses highest professional standards/clients interests' first/"new breed adviser" award, etc., is not specific about the products it recommends and does not name its provider companies. But one of its representatives does have a separate website naming one of the beer's favourite providers and another.

So it looks as if companies A and B could be part of the brewery.
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  #27  
Old 13.03.2012, 16:01
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Re: Is this legal?

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Evidence of connections to the beers involving Company A and Company B:

1. Company A promotes the above funds (see logo). See above quote and rest of thread about ownership of those funds.

2. Commercial registry entries for companies A and B (here and here) show that they are connected, having a person in common.
So which products/companies does Company B recommend? It's website, which looks very professional and stresses highest professional standards/clients interests' first/"new breed adviser" award, etc., is not specific about the products it recommends and does not name its provider companies. But one of its representatives does have a separate website naming one of the beer's favourite providers and another.

So it looks as if companies A and B could be part of the brewery.

There is no connection between A and B, A is owned by the BEERS and the BEERS took company B to court last year and won damages of over 3 million for advisors leaving the BEERS moving to company B and taking the clients with them.
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  #28  
Old 13.03.2012, 16:09
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Re: Fund management entity structures: Is this legal?

A and B are connected as shown in those commercial registry links. The court case does suggest that B is not connected to the beers, assuming that it isn't a bluff to establish a new clean new identity for the beers.
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  #29  
Old 13.03.2012, 16:19
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Re: Fund management entity structures: Is this legal?

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A and B are connected as shown in those commercial registry links. The court case does suggest that B is not connected to the beers, assuming that it isn't a bluff to establish a new clean new identity for the beers.
I am 110% its not a bluff. There will be another court case soon.
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  #30  
Old 20.03.2012, 14:23
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Re: Fund management entity structures: Is this legal?

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There will be another court case soon.
Timed to coincide with company B opening in Zurich shortly?
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  #31  
Old 03.04.2012, 12:22
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Re: Fund management entity structures: Is this legal?

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Anyone know whether this is legal?


(1) The owner of a Swiss-based international financial advisory company is a partner in two Swiss fund management companies whose funds are promoted to clients of the financial advisory company.Financial advisory company promotes fund management company 1: here, here, here, here, etc.
Financial advisory company promotes fund management company 2: here, here, here, here, etc.
Just fancy that:
Quote:
[Fund management company 2] ... fund
Is a currency-based absolute return fund. It has doubled in value since its launch in 2004, giving an average annual return of more than 21%. It has achieved this by trading in liquid currency pairs.

[Fund management company 1] fund
Is also a hedge fund of funds. It selects managers to provide capital appreciation from a wide range of assets in good times and bad. [...] adds value by careful research, monitoring and selection of the finest funds for the F... Fund, and dynamic asset allocation between the different funds.
Client magazine

Last edited by Reb77Br; 03.04.2012 at 12:33.
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  #32  
Old 22.05.2013, 15:13
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Re: Fund management entity structures: Is this legal?

CEO's name in the commercial registry entries for the two fund management companies was replaced in October last year with the name of a Gibraltar company.

And now:
Fund suspended (Fund factsheet)

Quote:
One of the directors of the fund told IA that he was not comfortable disclosing what assets were held within the portfolio...
A couple of names shared in these entries below from the commercial registry also suggest that these two companies are also linked:
Quote:
The spokesperson recommended International Adviser contact fund manager Lancelot Management or UAM for comment but did not provide contact details....
Comments at end of article express criticism for failure to indicate who is responsible. Journalist's reply refers to libel risk.
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  #33  
Old 24.05.2013, 14:03
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Re: Fund management entity structures: Is this legal?

Up to $50m of client money trapped in suspended fund

Quote:
A spokesperson for deVere said: “Green’s control of United Asset Management concluded some 12 months ago and his ownership was officially relinquished in September 2012.” The ownership of the company was transferred at that point to a company called Frontier Investments Limited based in Gibraltar. Documents obtained by International Adviser from Gibraltar Companies House reveal that Frontier was incorporated in July 2009 and has since changed its name to Titanium Advisers Limited.
In case anyone's tempted:
Titanium private equity fund* (cf. suspended fund: Strategic growth fund)
Titanium collective investment scheme

* with a performance record dating back to 2010, though the Titanium Advisers website was not created until February 2013.
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  #34  
Old 26.05.2013, 13:41
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Re: Fund management entity structures: Is this legal?

Thanks for the post, very helpful. I invested in a similar fund, and the links show that not only the Investment Advisor, but also the Fund Administrator are connected with shareholdings, now terminated. Great impartial advice..... Not. Needless to say fund performance is rubbish.
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  #35  
Old 27.05.2013, 17:17
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Re: Fund management entity structures: Is this legal?

Someone* involved in these companies has an interesting background in company structures:
Quote:
recommended International Adviser contact fund manager Lancelot Management or UAM for comment but did not provide contact details
http://www.international-adviser.com/news/products/global-mutual-suspends-trading-and-sacks

* See manager's name scored out here (and here), director's name not scored out here, also named here. (And here / here.)
Quote:
Supreme Court of Appeal, South Africa

Mr C... specialised in offshore investments. ... I assume that C acted both wrongfully and negligently in misrepresenting the legality of the structure he proposed ... I believe a conclusion of fraud in the circumstances of this case inevitably leads to a finding of wrongfulness
Presumably Devere's CEO was completely unaware of this.

More

It's clear what the comments at the end of the IA articles mean. IA could certainly do more digging.
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  #36  
Old 25.10.2013, 02:36
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Re: Fund management entity structures: Is this legal?

Interesting article in the South China Morning Post on a very similar topic.....
CEO's stake risked conflict of interest.

http://www.scmp.com/business/compani...flict-interest
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  #37  
Old 05.03.2014, 19:40
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Re: Fund management entity structures: Is this legal?

So it looks as if there was something to the suspicions that prompted this thread.

Quote:
'Financial advice made my pension dive from £89k to £20k': Victory for expat retiree as This is Money gets his pot restored

Comments:

"All consultants ... were told numerous times by senior management that clients were to be put into the two in-house funds regardless of their circumstances. We thought this is how the senior managment were being paid and as such I imagine anyone caught up in the supensions has a very good claim to get their money back."
From £89k to £20k = 77% loss

This is so good, it has to be posted again:
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  #38  
Old 05.06.2014, 14:25
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Re: Fund management entity structures: Is this legal?

So it seems that the above suspicions have been verified...
What if we were unfortunate enough to have invested our money in the unscrupulous hands of a deVere advisor? What recourse do we have?
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  #39  
Old 05.06.2014, 14:47
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Re: Fund management entity structures: Is this legal?

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......................What recourse do we have?
If you invest in a product that is registered (in the country that you live in) with the appropriate financial authorities and the person that sold it to you is also registered with these appropriate financial authorities if then later things do not work out as you expected then you can complain to these financial authorities.

If these conditions are not met you can follow the lawyer route. Cost and probability of success depend on the circumstances of individual cases. Usually think high cost and low probability
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Old 09.12.2015, 13:45
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Re: Fund management entity structures: Is this legal?

They have since pulled these links!! Luckily, I took screen shots and downloaded the documents back in 2013

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Anyone know whether this is legal?


(1) The owner of a Swiss-based international financial advisory company is a partner in two Swiss fund management companies whose funds are promoted to clients of the financial advisory company.Financial advisory company promotes fund management company 1: here, here, here, here, etc.
Financial advisory company promotes fund management company 2: here, here, here, here, etc.

(2) Trust company mentioned here, here and here, trustee for a pension plan promoted to clients by the above financial advisory company and whose parent company was co-founded by the above financial advisory company (see previous links), shares a manager with the same financial advisory company.
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