Zamansky LLC Investigates the LJM Preservation and Growth Fund for Breaches of Fiduciary Duty to Shareholders
February 13 2018 - 12:30PM
Business Wire
Zamansky LLC announces that it is investigating LJM Preservation
and Growth Fund (MUTF: LJMIX, LJMAX, LJMCX)(“LJM Fund”) over its
loss of 80% of its value. The LJM Fund which is short call and put
options on S&P Futures has seen its price fall recently from
over $10 per share to around $2 per share. The Fund purports to
seek capital appreciation and capital preservation in all market
conditions, with low volatility and low correlation to the US
equities markets.
According to Jake Zamansky, securities fraud attorney, the LJM
Fund trades options and derivatives which can cause drastic
drawdowns. These strategies have enormous potential risk for
investors under certain market conditions, Zamansky states. The LJM
Fund is not appropriate or suitable for investors who want or need
a conservative or low volatility investment, he says, particularly
as a long-term investment.
Zamansky LLC is investigating whether sales of the LJM Fund to
investors were suitable and appropriately disclosed. The law firm
is also investigating whether the LJM Fund breached fiduciary
duties to shareholders in its risk disclosures and its hedging
operations.
What LJM Fund Investors Can Do
If you are a long-term investor in the LJM Fund who wishes to
discuss their legal rights, or an investor who wishes to have your
investment or portfolio reviewed for suitability, you may, without
obligation or cost to you, email jake@zamansky.com or call the law
firm at (212) 742-1414.
About Zamansky LLC
Zamansky LLC is a leading investment fraud law firm with a
practice representing investors in securities, mutual fund, hedge
fund and ERISA class action litigation, and FINRA securities
arbitration. We are investment fraud attorneys who represent both
individual and institutional investors. Our practice is nationally
recognized for our ability to aggressively prosecute cases and
recover investment losses.
To learn more about Zamansky LLC, please visit our website,
http://www.zamansky.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20180213006370/en/
Zamansky LLCJake Zamansky, 212-742-1414jake@zamansky.com
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