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Old 19.01.2012, 11:57
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Fund management entity structures: Is this legal?

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.

Last edited by Reb77Br; 19.01.2012 at 13:30.
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Old 19.01.2012, 15:26
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Re: Is this legal?

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.

Not legal but cant stop it as against his human rights. HE WON A CASE ON THAT.
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Old 19.01.2012, 15:57
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Re: Is this legal?

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...Not legal but cant stop it as against his human rights. ....
So it is legal then.
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Old 19.01.2012, 17:42
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Re: Is this legal?

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So it is legal then.
Well he lost the first case in a normal court then appealed on Human Rights grounds.

So letter of law says ilegal but the it changed ruling due to human rights , was due to rite to work
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Old 19.01.2012, 15:59
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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.

Not legal but cant stop it as against his human rights. HE WON A CASE ON THAT.
Do you know the names of the Guernsey trusts and where he won that case?

VAM apparently stands for Valais Asset Management. The Swiss-registered company is called Valais Investment Management, but its site says "This important information relates to Valais Asset Management SarL, and its products." Presumably the same company, then.

Last edited by Reb77Br; 19.01.2012 at 16:33.
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Old 19.01.2012, 17:51
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Re: Is this legal?

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Do you know the names of the Guernsey trusts and where he won that case?

VAM apparently stands for Valais Asset Management. The Swiss-registered company is called Valais Investment Management, but its site says "This important information relates to Valais Asset Management SarL, and its products." Presumably the same company, then.

I will get back to you in next few days on this will find out the relivant information then advice it could have been Souverign one of them im sure
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Old 19.01.2012, 17:51
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Re: Is this legal?

Valais Asset Management Srl and a second one with the same address.

Link: http://vs.powernet.ch/webservices/in...=&lang=4&sort=

Link: http://vs.powernet.ch/webservices/in...&lang=2&sort=0

Last edited by Verbier; 19.01.2012 at 18:00. Reason: found more info
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Old 19.01.2012, 18:13
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Re: Is this legal?

Yes, these are the fund management companies linked in the original post. Interesting about the address, as there are other financial companies at that address, like this1, this2, this3, this4, this5, this6, this7 and this8 all involving people listed in the entry for the Valais company.

Last edited by Reb77Br; 19.01.2012 at 18:35.
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Old 19.01.2012, 18:16
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Re: Is this legal?

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Yes, these are the fund management companies linked in the original post.
Sorry. Did not click on all the links of the original post. Picked up the story lower down in the postings.
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Old 20.01.2012, 10:47
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Re: Is this legal?

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Yes, these are the fund management companies linked in the original post. Interesting about the address, as there are other financial companies at that address, like this1, this2, this3, this4, this5, this6, this7 and this8 all involving people listed in the entry for the Valais company.
More companies at the same address and involving the same people (except possibly the owner of the financial advisory company, though companies registered in the likes of Mauritius, Seychelles, etc. are involved):
No 9
No 10

Last edited by Reb77Br; 20.01.2012 at 13:06.
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Old 12.03.2012, 16:38
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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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Old 13.03.2012, 15:01
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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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Old 13.03.2012, 15:09
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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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Old 13.03.2012, 15:19
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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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Old 03.04.2012, 11:22
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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 11:33.
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Old 22.05.2013, 14:13
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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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Old 24.05.2013, 13:03
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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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Old 26.05.2013, 12:41
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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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Old 25.10.2013, 01:36
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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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Old 05.03.2014, 18:40
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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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