Did You Purchase Braddock Multi-Strategy Income Fund?

Investor alert! If you purchased Braddock Multi-Strategy Income Fund Institutional Class (NASDAQ: BDKNX), then you might have sustained big losses. Notably, the investment loss recovery attorneys at Soreide Law Group are closely reviewing the alarming financial performance of this Fund, which is down more than 33% year to date as of September 15^th.

What is Braddock Multi-Strategy?

The Braddock Multi-Strategy Income Fund Institutional Class (NASDAQ: BDKNX) is a Multi sector Bond Fund whose inception is July 31, 2009. Mainly, the Fund is seeking total return, emphasizing current income. Evidently, it invests in private mortgage-related securities, with potential exposure to collateralized loan obligations. BDKNX has a reported $967,190,000 in assets (2020).

Risks Of Investing In BDKNX

Apparently, there are a number of risks associated with investing in BDKNX. Most importantly, the Fund cites market turbulence from Covid-19. The Fund also indicates that there is market-risk, which means that the security could decline considerably in value (as it has) because of market conditions. Other concerns include interest rate risk, non-diversification risk, liquidity risk, and exposure to junk bonds and mortgage-backed securities.

Braddock Multi-Strategy Income Fund Tanks

Most importantly, BDKNX’s value per share took a nosedive in March. On March 3, 2020, shares sold for $10.50. As of September 15, 2020, they are selling for just $6.91. Year to date, shares of BDKNX are down more than 33%. Investors who held shares since earlier this year might have suffered catastrophic losses.

Brokers, Advisors Might Have Unsuitably Sold BDKNX To Conservative Investors

Critically, securities brokers and financial advisors who recommend investments to their clients are required to disclose important information including risks. They can recommend only those investments which match their clients’ investor profiles. Namely, securities brokers and financial advisors could have recommended or sold BDKNX at a time when the Fund posed an elevated level of risk. As a result, it is possible that certain conservative investors should not have invested in the Fund.

Losses On BDKNX?

Have you experienced losses because of purchasing BDKNX from your securities broker or financial advisor? If so, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel about a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered millions of dollars for clients who have suffered losses due to misconduct of brokers and financial advisors.