Cyprus News | LM Managed Performance Fund Update

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Cyprus News | LM Managed Performance Fund Update

57265401 c0647cbbf3 360x270 Cyprus News | LM Managed Performance Fund UpdateCyprus News | LM Managed Performance Fund Update

The following was posted on CyprusScene on October 20, 2012 by kyreniacommentator:

“For those of our Cyprus and UK readers who have an interest in personal finance and investments, we have decided to share the following information from Laurence Floyd which may prove to be of interest after further study.

Hi Everyone

Following a trip to London with Scott Kennedy of Astute FMA (Some of you may know Scott, a big supporter of CINF – Children in Need Foundation), I would like to introduce Supper Club members to the opportunity to overcome the impact of falling Bank deposit rates both in the TRNC and the UK

Despite falling bank deposit rates here in Cyprus, I was able to maintain my family’s lifestyle following a significant investment in a specialist fund in Australia. I visited the Directors of LM Australia in London recently in conjunction with Scott, and the upshot is, I can introduce friends and associates etc in both UK and Cyprus to their Managed Performance Fund.

I have invested in this fund for over 3.5 years, and have been delighted with the results that have consistently outperformed local bank deposit rates here in Cyprus and the UK, generating a monthly return between 19.6% and 11.3% net, depending when I took out the initial contract and roll over dates etc

The LM Managed Performance Fund represents the ideal investment vehicle for someone like ourselves who wishes an above average return versus the Banks, together with little or no risk – unlike the stock market as I have found to my cost. Together with no entry or exit fees or annual management charges, it makes for a very sound investment and earnings entity

LM are currently offering a special 2 year fixed rate with income paid annually at 13.5% for Turkish Lire, and 8.5% for Sterling and Euro. This offer is available until the 8th of December 2012

Income and capital can be paid into any bank account anywhere in the world. I prefer to operate with TL due to higher rates, and due to fact I can then earn interest on the interest in my local banks here in Cyprus

It is very straightforward for UK residents to deal with Scott and his team here at Astute FMA, as LM Australia only deal via IFA’s, and all paperwork can be handled online. Alternatively I will be in UK between 18th – 30th October and can answer any questions or meet people then. For general information see web ref: LM Australia

If you would like to hear more details regarding this compelling opportunity, please do not hesitate to contact me online, or on 0533 879 6892 here in the TRNC, whilst in the UK from 18 – 30 October, I can be reached on 07766 – 754086 for those of you resident in the UK. My email address is [email protected]

I look forward to hearing from you soon and in the meantime feel free to pass on this information to any other parties you feel may benefit.

Best regards

Laurence Floyd”

Further information about Scot Kennedy and Lawrence Floyd can be found in this Daily Record Article which says that Scott is using his £1m commission to help customers despite being quoted as saying that although he ‘lost more than £10million of his clients’ cash in a doomed property empire…he is not to blame.’

The article goes on to say that he persuaded 180 people to invest in Australian firm LM Investment Management, earning 10 per cent commission on their investment. Despite taking this cut he felt able to promise ’20 per cent monthly interest on their initial stake,’ according to the Daily Record who must have got that wrong, and who knows they may have got the whole article wrong.

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2 comments to Cyprus News | LM Managed Performance Fund Update

  • Wallet and Gromit

    Out of the 180 losers of £10 million pounds not one comments, says it all really!

  • Polly Marples

    Without prejudice

    Perhaps the best comment is within the article by Laurence who seems to think losing £240,000 is just hapchance but then reading his article of the October 2012 perhaps like Mr Kennedy he covered his losses in commission income, just thinking out loud, no accusations you understand.