Did You Invest In The LJM Preservation And Growth Fund And Suffer Investment Losses?
The LJM Preservation and Growth Fund, which trades under the ticker symbols LJMIX, LJMAX and LJMCX, declined nearly 80% in February 2018. The prospectus for the LJM Preservation and Growth Fund provides that the investment objectives of the fund are to “seek capital appreciation and capital preservation with low correlation to the broader US equity market.” The LJM Preservation and Growth Fund allegedly utilizes a variety of investment techniques to achieve this objective.
According to Gretchen Rubb from Morningstar, “this fund should never have been marketed to fund shareholders as a took for capital preservation.” Contrary to how this fund was marketed and sold, it declined precipitously in February 2018, causing substantial losses for investors.
Brokerage firms and the Financial Advisors they employer have a legal and regulatory obligation to recommend only suitable investments to customers. In addition, they are obligated to disclose all material facts associated with a transaction, including material risks.
If you invested in any of the share classes of the LJM Preservation and Growth Fund and experienced losses, you may be entitled to recover your money. Please contact the Wolper Law Firm at 800.931.8452 or by email at mwolper@67.43.6.64 to discuss your specific situation and the legal options available. The Wolper Law Firm represents investors nationwide in securities litigation and arbitration.
