Infinity Q Diversified Alpha Fund Losses?

Infinity Q Diversified Alpha Fund Losses Because Of Financial Advisors

Soreide Law Group is evaluating possible investor disputes against financial advisors and securities brokers who made unsuitable recommendations regarding Infinity Q Diversified Alpha Fund. Earlier this year, Infinity halted distributions to investors. Things are still a mess. Here’s a quick snapshot of what is going on at Infinity.

February 23, 2021 Notice Of A SEC Order Permitting The Fund To Postpone Redemptions

Notably, SEC allowed Infinity Q Diversified Alpha Fund to suspend its redemptions. SEC also allowed the Fund to postpone redemptions beyond seven days. Apparently, the Fund and its adviser – Infinity Q Capital Management – sought and obtained this type of permission because of being incapable of getting valuations for those assets that the Fund held. Notably, Infinity discovered in February that Infinity Q’s Chief Investment Officer was using a different method to value assets which could affect the actual value of those assets.

March 11, 2021 – Updates On Fund’s Liquidation Plan

SEC required the Fund to create a plan for its assets to be liquidated. The Fund also needed to produce a plan for shareholder distributions. Evidently, the Fund liquidated 93 percent of its assets by March 9, 2021. The assets that remained as of that time included cash and stocks. The entirety of the Fund’s portfolio is liquidated as of March 19^th. Also, Infinity reported that it might make distributions to shareholders prior to making a final distribution.

April 8, 2021 – Infinity Q Diversified Alpha Fund Comments Further On Distributions

Notably, the Fund provided a statement about why it was not able to make timely distributions. The Fund referred to ongoing lawsuits. Apparently, the Fund has limited capability of distributing assets because of shareholder class actions.
Also, Infinity mentioned that it has to determine its NAV before it can commence distributions. The Fund indicated that it is not clear how far back its NAV will have to be researched before distributions can take effect.

May 24, 2021 – The Fund Provides Another Update On Plan Of Distribution

Infinity Q Diversified Alpha Fund relayed that it is still working on its plan of distribution. It appears that the Fund still needs expert analysis concerning the values of its portfolio. The Fund submitted a draft Plan of Distribution concerning an initial distribution to shareholders. There is no known amount of shareholder distributions.

Alternative Investment Risks Possibly Overlooked, Downplayed By Financial Advisors

It is possible that a securities broker or financial advisor made an unsuitable investment recommendation concerning Infinity Q Diversified Alpha Fund or had misrepresented the risks associated with this investment. When a securities broker or financial advisor fails to perform due diligence on both the investments and the investor, or they sell unsuitable or misrepresented investments, then any losses or other damages that result from their wrongful actions could be potentially recoverable in a lawsuit.

Have You Experienced Losses By Investing In Infinity Q Diversified Alpha Fund?

Have you experienced losses by investing in Infinity Q Diversified Alpha Fund because of your financial advisor or securities broker? If you have, phone Soreide Law Group at (888) 760-6552 and speak with an experienced securities lawyer concerning 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 investors who lost money because of their securities brokers and financial advisors.