We are a group of concerned clients of HGNFX Asset Management. We come to understand that during the middle week of August 2008 Herr Hermann Greb Netto didn’t quite do his job as the Account Manager via MIG Investments SA. The results were red numbers and margin calls - which resulted in accounts being closed and losses of several 100.000,00 US$Their website is www.hgnfx.com
Statement: Grow your funds with Professionals. We are professional to control every risk.
Broker house: MIG Investment SA
We are here to warn potential investors who are considering going into business with Herr Hermann Greb Netto. All his earlier clients lost all their money due to his money management failure of being their top Account Manager.
As from our understanding those who were in front of their computer catching the poor managed trades tried together with the broker MIG Investments to get hold of the account manager Herr Greb, but failed to do so.
Luckily for a few who were watching his trading managed to force exit the positions by claiming a closure of the Asset Management relationship via the broker house MIG Investments. But unluckily for the many clients that were on summer holiday facing zero balance when they returned back from their vacations.
So for people out there wanting a managed account we strongly discourage you at the most of going into business with Herr Hermann Greb Netto.
But wait a minute, there’s more!
The 10% stop loss that he claims to use is a fake setup only to bring a new set of investors.
In the meantime, Herr Grebb has managed to setup a new website named HSFX Asset Management Group
Only a few modifications have been done, however stating the same information as on his earlier HGNFX website and claiming to use a 10% stop loss. There is no way to lose the money then, right??
Well while they now seem to have forgotten about their earlier clients, they are promoting their new website with their promising results! - That by the way are fake as well, not showing the August result of negative -99%.
If you were a part of this group – we are sad to see your money being lost. But we should take this as a lesson when going into Managed Account.
We are concerned that a new group of people will buy this sell strategy and simply ask everyone to be aware of doing business with him.
Danke
