Privacy Policy

PICF, SGOIC, S.A. operates the Website https://www.picfunds.pt (the "Website") and is responsible for the collection, processing and use of your personal data in accordance with the relevant data protection laws.

Your trust is important to us. Therefore, we take the protection of your data seriously and strive to provide optimal security. PICF, SGOIC, S.A. is a legal entity with registration number 517360314, headquartered in Rua da Junqueira 65, 1300-343 Lisbon, Portugal and acts as the controller of your personal data. This means that we decide how and for what purpose your personal data is processed. Our data protection practices comply with the General Data Protection Regulation (GDPR) (EU) 2016/679 and Law No. 58/2019, the law implementing the GDPR in Portugal.

The purpose of this Privacy Policy is to inform you about the personal data we collect from you and the purposes for which we use it.

If you have any questions about data protection, please contact us at This email address is being protected from spambots. You need JavaScript enabled to view it..

Data processing in connection with our Website

1. What data do we collect when you visit our Website?

When you visit our Website, our servers temporarily save each access in a log file. The following technical data is collected and stored by us without your intervention, as in principle with every connection to a web server:

  • the IP address of the requesting computer;
  • the operating system of your computer;
  • the browser you use (type, version and language);
  • the name of the IP address range;
  • the date and time of the server request;
  • the Website from which the access was made (referrer URL), possibly with the search terms used, and
  • the status code (e.g. error message, debug information).

This data is collected and processed for the purpose of enabling the use of our Website (connection establishment), to ensure system security and stability in the long term and to optimise our internet presence, as well as for internal statistical purposes. It is in our legitimate interest to process this data to provide you with an accessible Website.

The IP address is also used together with the other data in the event of attacks on the network infrastructure or other unauthorized or improper use of the Website to identify perpetrators in connection with civil or criminal proceedings. The processing of this data is in our legitimate interest to track your visit to our Website and to improve the Website accordingly.

2. What are cookies? Do we need cookies?

Cookies help to make your visit to our Website easier, more enjoyable and more meaningful. Cookies are information files that your web browser automatically stores on your computer's hard drive when you visit our Website. We use the following cookies:

  • technically necessary cookies;
  • performance-related cookies;
  • functional cookies and
  • advertising cookies.

Most internet browsers accept cookies automatically. However, you can set your browser so that no cookies are stored on your computer or so that a message always appears when you receive a new cookie.

Deactivating cookies may mean that you cannot use all the functions of our Website.

Review your cookie options by clicking here.

3. Do we use tracking tools?

3.a. What are tracking tools?

We use the web analytics service of Google Analytics to design and continuously optimize our Website according to your needs. In this context, pseudonymized user profiles are created and small text files that are stored on your computer ("cookies") are used. The information generated by cookies about your use of our Website is transferred to the servers of the provider of these services, stored there and processed for us. In addition to the data listed in section 1, we may receive the following information:

  • a visitor's navigation path on the Website;
  • the time spent on the Website or a sub-page;
  • the sub-page on which the Website is left;
  • the country, region or city from which access is made;
  • the device (type, version, color depth, resolution, width, and height of the browser window), and
  • whether you are a returning or new visitor.

The information is used to evaluate the use of the Website, to compile reports on Website activity and to provide other services related to Website and internet use for the purpose of market research and demand-oriented design of the Website. In addition, this information may be passed on to third parties if this is required by law or if third parties process this data on our behalf.

3.b. What is Google Analytics?

The provider of Google Analytics is Google Inc, a company of the holding company Alphabet Inc, based in the United States. Before the data collected on this Website is transmitted to the provider within the European Union or in a state that is part of the European Economic Area, the IP address is shortened by activating IP anonymization ("anonymizeIP"). The anonymous IP address transmitted by your browser as part of Google Analytics will not be merged with any other data held by Google Inc. Only in exceptional cases will the full IP address be transmitted to a Google server in the United States and shortened there. In these cases, we ensure through contractual guarantees that Google Inc. maintains an appropriate level of data protection. According to Google Inc., the IP address will in no case be associated with other data about you.

For more information about the web analytics service used, please visit the Google Analytics Website. Instructions on how to prevent the processing of your data by the web analytics service can be found at http://tools.google.com/dlpage/gaoptout?hl=en.

4. Is this data stored or linked?

We link the data to the Google Analytics Website.

5. How long will my data be stored?

We only store personal data for as long as is necessary for the uses described above and further process within the scope of our legitimate interest. We may store data for a longer period if required by law. Obligations to retain data may arise under accounting law, civil law and tax law. Under these laws, business communications, concluded contracts and accounting records must usually be kept for up to 10 years. When we no longer need this data, it is blocked.

6. Will my data be passed on to other third parties?

We only pass on your personal data to other third parties if you have expressly consented to this, if there is a legal obligation to do so or if this is necessary to enforce our rights, in particular to enforce claims arising from the contractual relationship. Furthermore, we pass on your data to third parties insofar as this is necessary for the use of the Website.

6.a. Who is our web host?

The web host of our Website is AMAZON (AWS). Personal data collected through the Website may be shared with Google. The Website is hosted on servers in France. See their data processing contract at: https://www.amazon.com/gp/help/customer/display.html?nodeId=GX7NJQ4ZB8MHFRNJ.

7. You have a right of access, rectify, erase and restrict of processing and data portability

You have the right to request information about the personal data we hold about you. In addition, you have the right to correct incorrect data and to request the deletion of your personal data, if there is no legal obligation to retain this data and no legal basis for the further processing of the existing data.

You also have the right to request the data you have provided to us (right to data portability). Upon request, we will share your data with a third party of your choice. You have a right to receive the data in a common file format.

You can contact us for the above purposes via the e-mail address This email address is being protected from spambots. You need JavaScript enabled to view it.. In order to process your requests, we may require proof of your identity.

In many countries, you also have the right to lodge a complaint with the relevant data protection authority if you have concerns about how we process your data.

These rights depend on the applicable data protection legislation and may be either more limited or more comprehensive.

9. Is your data safe with us?

We use appropriate technical and organizational security measures to protect your personal data stored with us against manipulation, partial or complete loss and against unauthorized access by third parties. Our security measures are continuously improved in line with technological developments.

We also take care of data protection internally. Our employees and the service providers are contractually obliged to ensure the confidentiality of personal data and compliance with applicable data protection laws.

10. Can you complain about us?

You have the right to complain to a data protection supervisory authority at any time.

11. Which law do we apply? And where does the law apply?

This Privacy Policy and the contracts concluded on the basis of or in connection with this Privacy Policy are governed by the Portuguese law, unless the law of another country is mandatory.

12. Can this policy be amended?

If any part of this Privacy Policy is invalid, this shall not affect the validity of the remaining Privacy Policy. The invalid part of this Privacy Policy shall be replaced in a way that comes as close as possible to the economically intended purpose of the invalid part.

Due to the further development of our Website and offers or changes in the legal provisions, it may become necessary to amend this data protection declaration. The current data protection declaration is published on our Website.

13. Do you have any questions about data protection? Please contact us.

This page was last modified in September 2023. If you have any questions or comments about our legal notices or data protection, please contact us at This email address is being protected from spambots. You need JavaScript enabled to view it..