View more on these topics

Lombard Odier makes its presence felt

Swiss bank Lombard Odier has set up the LO Invest infology fund to allow UK investors to benefit from capital gains tax allowances that come with offshore investing.

This Luxemburg-based Sicav is a UK clone for a fund that is distributed solely in Switzerland. It aims to provide capital growth by investing in technology, media and telecommunications companies around the world.

Although technology, media and telecommunications stocks have been knocked off their perch recently, this means investors are no longer paying inflated prices for stocks. They can pick up more stocks for their money, which might boost their return if the value of these stocks subsequently rises.

The global nature of the fund enables the fund manager to create a geographically diverse portfolio. Although European technology is on the up, the US is still the dominant force in the sector but its economy is not as strong as it was during the technology boom.

These conditions make the fund a risky option for many investors, but it could attract the more adventurous ones. Those who are looking for a tax-efficient investment might also find it suitable because it is also available within an individual savings account (Isa) wrapper.

Recommended

J O Hambro Capital Management – Leisure & Media VCT

Tuesday, 20th February 2001.Aim: Growth by investing in the leisure and media industry.Minimum investment: £3,000.Opening-closing date: January 30, 2001-April 5, 2001 for 2000/2001 tax year, April 12, 2001 for 2001/2002 tax year.Charges: Initial 5 per cent.Commission: Initial 3 per cent.Tel: 0151 243 7468. 

Investment View

Sir Edward might have to write that letter, now that inflation is down to 1.8 per cent. If the monetary policy committee undershoots the Government&#39s target by more than 1 per cent, then the governor has to explain why. In case you wonder why some inflation is considered desirable, then cast your eye across to […]

Blow for Lazard as portfolio service staff move to Jupiter

Lazard Asset Management was dealt a major blow last week with the loss of three high-profile members of its personal portfolio service to Jupiter. The service is widely seen as the backbone of Lazard&#39s UK operations and includes the Lazard growth portfolio, income portfolio and worldwide portfolio funds, which total more than £50m in funds […]

Research shows public prefer commission to fee-based advice

Moving to a fee based system of financial advice will deter people on low incomes from seeing a financial adviser, according to research carried out for Intelligent Finance. The research shows 59 per cent of those who expressed an opinion would be more likely to seek advice under a commission-based system than if they had […]

Powerful estate planning tools ignored or forgotten by wealthy Brits

Canada Life IHT Survey 2016 Only a quarter of wealthy Brits have sought professional estate planning advice to ensure their families don’t pay more tax than required More than a quarter don’t even have a will and just one in five have gifted money Many say they do not need these tools but families would […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There is one comment at the moment, we would love to hear your opinion too.

  1. Update . Nov 6 th .2010.

    BANKS -PARTNERS IN CRIMES.

    Pictet & Cie Bank.

    Ivan Pictet.
    Charles Pictet.
    Nicolas Pictet.
    Jacques de Saussure.
    Jean – Francois Demole.
    Renaud de Planta.
    Philippe Bertherat..

    Pictet & Cie.- claim they are the “Rolls Royce”of Swiss banks.

    Swiss Banks or more correctly Swizz banks.

    Swizz. —- “ a great disappointment.” or a “ fraud.”

    Fraud. —“ an intentional deception or dishonesty.”— “a crime.”

    Crime. —“ an act committed or omitted in violation of a law.”

    Serious Crimes .
    Conspiring to pervert the Course of Justice.
    Perverting the Course of Justice.
    Contempt of Court.

    Pictet & Cie Bank –Partners –(1996—2010)-liable.
    Peters &Peters – Partners.—(1999—-2010)-liable.

    The bank and it’s officials/lawyers deliberately withheld crucial documents requested under a High Court order. The bank and it’s officials/lawyers deliberately withheld evidence from the Police, and one of it’s account managers Susan Broadhead gave a false witness statement to the Police.
    Another one of it’s managers Nicholas Campiche ( Now Head of Pictet – Alternative Investments.) concocted a letter pretending to be a client and closed his account. The senior partner (Ivan Pictet.) sought to have numerous documents destroyed,along with those copies held in their London office’s of Pictet Asset Management. Initially stating that they were forgeries then their lawyers Peters & Peters – Monty Raphael –and the barrister Charles Flint.Q.C. later had to admit in Court that the documents were genuine.

    British Parliament. Hansard .29th March 2007.
    Barry Sheerman .M.P.—quote.

    ———“ Constituents of mine have lost £2 million through fraud. The fraudster used Pictet & Cie – – a French Bank – – and Pictet Asset Management to back the fraud being perpetrated.””

    (1) It is a criminal offence for a bank to knowingly act for an undischarged criminal bankrupt in so far as it seeks to assist that criminal bankrupt in the fraudulent movement of monies. ( Money Laundering.)

    (2) It is a criminal offence for a bank to lie to the police and the bankrupts trustee in bankruptcy in so far as any knowledge of, or dealings with the bank was refuted .

    (3) A bank can be guilty of Contempt of Court if it fails to comply fully with the Courts order for discovery .

    (4) The banks contempt is further compounded if it fails to address its error after it is specifically drawn to the to its solicitors attention. ( Monty Raphael).

    (5) It is a criminal offence under the Financial Services Act to seek to destroy evidence that might be relevant to an investigation .

    (6) It is a criminal offence not to relinquish control of funds to the Trustee immediately the fact of the bankruptcy is drawn to the banks attention.

    (7) It is a criminal offence to lie or otherwise obfuscate the lawful and proper enquiries of the F.S.A.

    In the F.S.A. cover up , they concluded that there had been “ Rogue” elements in Pictet & Cie’s , London operations . They had been moved from their London Office so who was there left to prosecute. “ Unbelievable.”

    On Dec 9th,2008. the complaint was sent to 150 Members of the House Of Lords and 230 Members of Parliament.

    *** We thank –David Cameron. M.P. ( Canary Wharf Speech.) Dec. 15th. 2008.
    Now— PRIME MINISTER.

    (1) Bankers who behave irresponsibly should face professional consequences.
    (2) If anyone is found to have behaved criminally they must be prosecuted.
    (3) The F.S.A and the Serious Fraud Office should be following up every lead,
    investigating every suspect transaction .
    (4) We need to make it 100% clear –those who break the law should face
    prosecution.
    (5) That we make sure we root out any wrongdoing that may have happened, whoever
    is involved, however high or well connected they may be.

    Ivan Pictet.
    Managing partner in Pictet & Cie Bank . — retiring -?. 2010.
    President of the Geneva Financial Centre. —stepping down -2010. ?
    World Bank.committee member.—- ?
    United Nations. Investment Committee member,
    Vice President – Global Humanitarian Forum. — redundant.2010.?
    Member of the Henokiens.
    Blackstone Group — Board Member.
    Past- President – Geneva Private Bankers association.
    Past –President – Geneva Chamber of Commerce and Industry.

    Monty Raphael. ( Peters & Peters.)
    Quote.” —- Doyen of U.K. Fraud lawyers.
    Head of Fraud and Regulatory Dept. —- stepping down, –2009.? Director of the Fraud Advisory panel.
    Member of the Law Society of England & Wales.
    International Bar Association Member.

    Written Parliamentary Questions received by the table office ..

    (1) To ask the secretary of state what steps he is taking to ensure that Swiss Banks such as Pictet & Cie do not evade criminal prosecution under EU law even when the illegal act is committed by a London based subsidiary.

    (2)To ask the secretary of state what steps he is taking to protect the rights of UK citizens who seek redress following criminal activities by Swiss banks with subsidiary offices located in London.

    On Dec 9th,2008. the complaint was sent to 150 Members of the House Of Lords and 230 Members of Parliament.
    On Aug 19th.2009.another complainants file regarding the “cover up” was forwarded to the same 380 members.

    We started our campaign in June 2008 — via the “net” to highlight our fight to get “justice”. In our second year campaign we hoped to reveal further damning evidence . Due to there being an on going Police investigation into our complaint we are at this moment unable to place dozens of documents on to the “net”. Again we thank other “ E- Mailers” for their information in relation to our campaign.

    Quote. ( America’s Top Lawyer .)
    You can be the richest man in the world with the best lawyers that money can buy but you cannot win against a man who has got nothing left to lose and is telling the truth.

    Truth Hurts.
    Ivan Pictet. Announces stepping down from Pictet & Cie. 5th Feb 2010.
    Stepping Down—President of Geneva Financial centre.—2010.
    Monty Raphael. Steps down as head . May. 2009.

    *** We note that there has been a sharp increase in Peters & Peters partners leaving to go to other practices. Moving does not alleviate them of any responsibility from any illegalities that may have occurred at Peters & Peters during their partnership tenure. From 1999 onwards.

    *** Were currently waiting to see if the Police and other Law Enforcement Bodies attempt to cover this case up like their F.S.A. counterparts. If they do –“ then watch this space.”

    We have recently been informed that due to pressure from our M.P. that the Ministry of Justice have asked Lord Myners to investigate our claims that the F.S.A. covered up the illegal activities of Pictet Asset Management. London.

    The consensus of opinion is the Pictet & Cie should be prosecuted , and that their U.K. banking licence should be taken away.

    Their solicitors at Peters & Peters .London — prosecuted and” struck off”.
    .
    ***
    Started campaign — June 6th.2008.
    2 years —- approx 2million e-mails – – – but still no writs, injunctions or threats of litigation – – – WHY – – – because it is all true.

    *** . The bigger they are — the harder they fall.!!!
    In America —- they would have all been in prison for the last seven years.

    Full Story.
    Go to search box on “Google” and insert ( Ivan Pictet / Monty Raphael) or
    insert ( Pictet & Cie / Monty Raphael ) – – then try it on “Google”.
    Or try . – – – ( Charles Flint Q.C.) — on “Yahoo”.
    Or try .- – – ( Nicholas Campiche. – – on “ Yahoo”

Leave a comment