MFOHome About Commentary Discussions Funds The Best Resources Support Us!

Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Sign In Register

Categories

In this Discussion

  • Mark February 2018
Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

U.S. LJM Fund Wiped Out By 'Vol-Mageddon' To Close: (LJMAX)

TedTed
edited February 2018 in Fund Discussions
FYI: A U.S. mutual fund that lost most of its value earlier this month after its bets on stock-market volatility soured will shut its doors in March, filings with securities regulators showed on Wednesday.

The LJM Preservation and Growth Fund (LJMAX.O) will be liquidated and closed by March 29, according to the filing. The fund held assets worth $812 million at the beginning of the month but has shriveled to $14 million.
Regards,
Ted
https://www.reuters.com/article/us-usa-fund-volatility/u-s-ljm-fund-wiped-out-by-vol-mageddon-to-close-filing-idUSKCN1GC29H

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

Comments

Sign In or Register to comment.