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Alert as Preval is victim of identity theft and confusion of identity
PREVAL and its Chairman Thierry Flecchia are victims of identity theft from an unknown source whose purpose is to mislead the recipients of commercial communications and create confusion with PREVAL. Therefore, PREVAL warns the public against solicitations made by an entity referred as “ECP Invest” or “ECPreval Invest” depending on the material. This entity uses false commercial documentation (with unauthorised use of the “PREVAL” logo, its address and usurpation of Thierry Flecchia’s identity) in order to promote an investment “offer”.
ECP Invest, which is the entity that initiated this fraudulent solicitation, makes use of the website “http://www.ecp-invest.com/“, which immediately redirects users to PREVAL’s website.
PREVAL and its representatives do not know ECP Invest and have no connection with this entity, in any form whatsoever. ECP Invest is not authorised to contact potential investors in the name and/or on behalf of PREVAL, or to make reference to PREVAL’s website or any other information concerning PREVAL.
At this stage of our investigations, PREVAL has not been the subject of any computer attack or intrusion. PREVAL has thus not been hacked but is the victim of identity theft taking place independently from the systems controlled by PREVAL. However, we are taking all the actions in our power to put an end to this disorder and this undermining of PREVAL’s integrity, in particular with the judicial and financial sector regulatory authorities.
We urge investors to be very cautious and therefore not to respond to requests from this entity and not to relay them to any third parties in any form whatsoever.
Our Sole Aim:
Protect & Grow your capital
An Independent Asset Manager Serving Its Investor Base
Your World Winners fund climbed +11.1%, in line with its index.
Our discretionary management mandates were also up sharply in 2016.
We are satisfied with these performances in such a turbulent market environment (Brexit, Trump’s election, Italian referendum).
Since the Brexit, World Winners has bounced back 16.5%, confirming our recommendation to ” buy while taking the Brexit on board ” from 28 June.
Once again, our fundamental, contrarian and conviction-based approach, built around the potential for future value growth, paid off. We do not seek to follow fashions (short-term momentum management), but to create value over the long term, as we have done for the past 20 years. Our priority is to ensure that the capital is protected (we have very significant investments in the fund) by avoiding (numerous) valuation bubbles, even if this means temporarily underperforming compared with a particular index.
From our perspective, 2016 marked the end of the cycle of rate cuts that began more than 35 years ago. This paradigm shift will have far-reaching implications for the financial markets. Indeed, lower interest rates inflated the value of many assets while encouraging index tracking and trend following. Conversely, the end of the cycle of rate cuts is expected to benefit active management and particularly our value contrarian management.
We will continue to invest according to our prudent approach, remaining extremely selective.
At cycle lows, value equities, which are our speciality, are one of the few asset classes to have strong upside potential.
Your World Winners fund is an outstanding core portfolio invested in around 40 market-leading companies that are poorly understood and unpopular with investors, and therefore clearly undervalued.
We have ideas for diversification into bonds, especially international/emerging market bonds, which will allow our customised diversified mandates to grow your assets over the long term.
We are very confident in our ability to deliver performance for your portfolios, as the market always ends up recognising undervalued companies.
On this optimistic note, we would like to wish you an excellent 2017!
PREVAL is a société anonyme having its registered office at 11 boulevard Royal, L-2449 Luxembourg, entered in the Trade and Companies Register under number B190081 PREVAL, acting as a management company subject to the provisions of Chapter 15 of the collective investment schemes act of 17 December 2010, as amended, and authorised and overseen in Luxembourg by the Commission de Surveillance du Secteur Financier (CSSF).
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Past performance does not guarantee future performance. An investment may appreciate or depreciate for various reasons, and investors may lose money. Exchange rate fluctuations may also cause the value of investments to rise or fall.
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