LJM Preservation and Growth Fund is an investment fund that trades under ticker symbols LJMIX, LJMAX, and LJMCX.
According to its official investment prospectus, the objective of this fund is to seek “capital appreciation” and “capital preservation”.
The phrase capital preservation heavily implies that the fund is structured in a manner that would ensure that investors would limit their downside risk. Unfortunately, the LJM Preservation and Growth Fund has failed its investors.
As reported by Barron’s earlier this year, this fund lost nearly 80 percent of its value in a single week.
A more detailed history of the price can be found by referring to the Yahoo Finance chart for LJMIX.
A Lawsuit Has Been Filed Against LJM Preservation and Growth Fund
Investors who have lost a significant amount of money in the LJM Preservation and Growth Fund may be entitled to financial compensation. An investment fraud lawsuit has been filed alleging that the fund’s managers made inaccurate and materially misleading representations to actual and prospective investors.
Among other things, allegations have been raised that this fund:
- Was not actually focused on capital preservation;
- Exposed investors to enormous and unacceptable downside risk; and
- Negligently allowed for the potential of near total investment losses.
If you lost money investing in LJMIX, it is imperative that you take immediate action to preserve your rights and protect your financial interests.
Contact Our Investment Fraud Lawyers Today
At Sonn Law Group, our investment fraud attorneys are proud to be strong advocates for investors nationwide. To find out more about what we can do for you, please contact us today to get your free, legal consultation.
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