Gregory B. Simon Law, LLC is investigating investor claims related to shares of the LJM Preservation and Growth Fund. The fund, run by Chicago-based LJM Partners, suffered losses of over 80% in early February 2018 as a result of spiking volatility. “It may be the biggest two-day drop for a mutual fund ever,” according to Morningstar. The mutual fund was marketed as being able “to deliver solid returns while maintaining risk parameters.” The LJM Preservation and Growth Fund had been run by Anthony Caine and Anish Parvataneni, a former trader for Ken Griffin’s Citadel.
If your broker recommended the purchase of LJM Preservation and Growth Fund in your brokerage account, you may be able to recoup your losses under applicable state and/or federal law. Please contact us for a free confidential consultation.
Gregory B. Simon Law, LLC is a national securities law firm that provides legal services to investors and financial advisors on a wide range of financial industry matters. For more information on the firm, please visit https://www.gregsimonlaw.com.