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Old 10.02.2021, 17:33
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Alpinvesta

Was just doing an idle Google on one of the offshore IFA firms that targets expats and found this discussion (https://www.reddit.com/r/eupersonalf...vestment_fund/), apparently about a Swiss-based outfit on the Finma warning list. Posted only 16 hours ago, so perhaps worth keeping an eye on. No mention yet of who the IFA is.

Quote:
I invested with an offshore fund for many years and discovered recently that the fund had disappeared along with around €40k I had paid in over the years. I would like to know if there is any come-back for situations like this and people like me with little financial experience. The fund was called Alpinvesta and was supposedly low risk. I found out by chance when enquiring on the balance of my portfolio from my ifa. They claim no wrong doing and that the fund manager has just gone awol with a lot of people’s money. How can this happen with no recourse??

...

https://www.finma.ch/en/finma-public...management-ag/

Not even registered in commercial register. You can kiss your money goodbye.

...
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  #2  
Old 10.02.2021, 18:11
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Re: Alpinvesta

Quote:
"Not even registered in commercial register."

Cause they liquididated the company in 2016. Obviously, they were in there prior to that event when OP probably first invested with them, so this is not a good ex ante criterion to detect scams.

https://www.shabex.ch/co/exc/alpinve....097.921-7.htm
That deleted entry from the commercial register for Alpinvesta Asset Management AG shows that the sole person named from the board of directors was a British national with an unusual surname, who appears to have three entries on LinkedIn (Google results for his name): one as Investment Director, Partner at Alpinvesta Asset Management, Geneva, one as Sales Director at Fundstream, Lisbon area and one as Managing Director at DNA Wealth Concierge, lda, Lisbon.

The name appears in a 2006 post on the Offshore Alert site, which tracks frauds and scams:

Quote:
Nicolas Eugene Grant St. James charged with cannabis possession in UK, a look at the record of criminal-friendly judge Jon Isaacs in the Bahamas, liquidator of Suisse Security Bank and Trust charges creditors extra if they want to receive his creditors' reports, long after denying it, M*rcus Quer*e acknowledge's fraudster Robert Raven's involvement in the group of companies known as 'Sidera'; and a look at CFTC Chairman Reuben Jeffery III's role in one of the biggest insurance frauds in history.

https://www.offshorealert.com/inside...g-apr0606.aspx
Plus results for his former directorships of UK companies, including the Sidera mentioned in the above quote (click on "companies" to see the company names):

https://companycheck.co.uk/director/...QUEREE/summary
https://companycheck.co.uk/director/...QUEREE/summary
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Old 10.02.2021, 21:35
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Re: Alpinvesta

Horror story!
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