How LJM Preservation And Growth Failed Investors: (LJMAX)

Ted

FYI: For investors in the LJM Preservation and Growth fund, Monday, Feb. 5, 2018, is a date that will live in infamy.

The $772 million alternative mutual fund’s share price plummeted from $9.67 to $4.27—a 55.8% decline. To make matters worse, the fund (ticker: LJMAX) didn’t report the loss until late the following day, so shareholders were in the dark as to what happened. And then the fund suffered another, 54.6% fall to $1.94 a share on Feb. 6—a two-day total decline of 80%. “It may be the biggest two-day drop for a mutual fund ever,” says Gretchen Rupp, a Morningstar analyst who covers the fund.
Regards,
Ted
http://www.cetusnews.com/business/How-LJM-Preservation-and-Growth-Failed-Investors.rJ10pg3Uf.html

M* Snapshot LJMAX Performance: -(81.98)%
http://performance.morningstar.com/fund/performance-return.action?t=LJMAX&region=usa&culture=en_US