Soreide Law Group has been contacted by investors who have suffered losses in the LJM Preservation and Growth Fund (LJMIX). The LJM Capital Preservation and Growth Fund sold three different share classes, and traded under the following symbols LJMIX, LJMAX, LCM.
LJMIX has lost approximately 80% of its value in February of 2018. The LJM Preservation and Growth Fund (LJMIX) launched in January of 2013, took a drastic hit in the stock market, with investors losing over $600 million in two days. According to Fund information, it “seeks capital appreciation and capital preservation with low correlation to the broader U.S. equity market.” Actually, LJMIX was designed to pursue an uncovered short options-trading strategy. This fund should never be suggested to shareholders as a tool for capital preservation. Many see it as the complete opposite of capital preservation and growth.
LJMIX strategy was to bet that market volatility would not dramatically increase and that the market index level would not change. When both the market volatility and the market index decline happened at the same time, as they did the first week of February, the results were devastating for investors who lost over 80% of the fund’s value.
Soreide Law Group may be able to recover these losses for investors in in the LJM Preservation and Growth Fund (LJMIX) through an arbitration with the Financial Industry Regulatory Authority (FINRA). The firm where your broker is employed also has a duty to supervise their brokers and make sure they do not recommend or sell unsuitable investments to their clients.
If your broker recommended investing in the LJM Preservation and Growth Fund (LJMIX) and you experienced financial losses, call Soreide Law Group and speak to an experienced securities lawyer at no cost to you at: 888-760-6552.
Soreide Law Group represents our clients nationwide before FINRA. We operate on a contingency fee basis—no fee if no recovery.