Vanfunds get swallowed up and leave investors high and dry…
You know that feeling you get when things are going just too well? There is bound to be something that happens to knock you off balance, well that’s what has happened with Vanfunds. They have been bought out by a company in Hong Kong.
The announcement was made in a newsletter from Vanfunds at the end of last week. The new owner is Holding Investors and Traders S.A (Hololding Int.).
Now I’m not suggesting that the new owner is any way unsuitable or unable to provide as good or even a better service that Vanfunds but I am disappointed that investors have effectively been cut off from their accounts as a result of this buyout. Without any prior warning we are told that our accounts will be transferred to the new company.
I understand that confidentiality issues arise when deals like this are done but I would have been happier if the Vanfunds website was still available and an orderly transition take place. As it is we are now completely in the hands of Holding Int. and there is no real clarity as to when the new platform will be available.
In part mitigation of this disruption members have been promised an additional 3.5% interest to be paid but it is not clear whether this is a one-off payment or a longer term deal.
When I looked at the Holding Int. website it was clear that there is still a lot of work to do to make it suitable for administering our accounts. And that’s another niggle because the Vanfunds website was in my opinion probably the most user friendly online investing website out there.
The Vanfunds support staff were not part of the deal so they are no longer available to help with questions and these will now be handled by staff at Holding Int.
Let’s hope that the massive of amount of work which is clearly needed to be done is given a high priority so that we can access our accounts sooner rather than later.
If things go well there is the opportunity to access a commodity fund investment from Holding Int. but details of this are not yet available.
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I´m a vanfunds investor. I read your comment and I must ask you, what makes you think vanfunds or holdingint will come back with a new website platform? I´m very worried with the situation. E-mail don´t work and they don´t answer the phone. Don´t you think this seems a SCAM?
If Vanfunds wanted to scam why would they not just disappear with our funds. This deal appears legitimate as Holding Int report it on their site and it is also shown in a press release/news bulletin that is also referenced on their site. I can’t answer the lack of direct feedback from them but they may have been sent a lot of mail and are wading through it.
I’m not trying to knock your concerns as clearly this has not been handled well at all. Let’s give the company a little time to show some progress and make sure we keep an eye on their news page to confirm that they are doing this.
Holdingint website domain was registered a month ago, the 4th of November. It´s homepage can be build within a day of one person work.
I think that probably they wanted to gain some time with this for some reason. I hope they are working on a new website and put it online as soon as possible but I don´t know…
info@holdingint.com is working. I sent an e-mail. I hope they answer!!!
Matt, I’m not surprised the website is so new, it looks as though Holding Int may be somewhat new to the online world. I still don’t understand why they couldn’t have used the Vanfunds website whilst they sort things out for themselves but we have to wait and see how things turn out. Hopefully you’ll get a positive response to your email. Thanks for keeping us informed.
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Hi, I have some money “invested” in Vanfunds and I am now convinced that they are lost forever. The “Holdingit” website is long gone and it is very quite around this “company” now adays…
Anybody…..
Mike