FYI: (This is a follow-up to Lewis Braham's, 2/10/18, Barron's article .)
Mutual fund manager LJM Partners was riding high in June when it won a big accolade: In front of 200 peers at the Four Seasons Hotel in Chicago, a top LJM executive accepted a Pinnacle Award, one of the highest honors in the derivatives industry, for best options strategy.
The glory was short-lived. Last month, LJM took center stage again when a phalanx of lawyers arrived at the federal courthouse in Chicago representing clients seeking amends for millions of dollars in losses at the fund
Regards,
Ted
http://www.chicagobusiness.com/article/20180406/ISSUE01/180409959/how-the-wrong-bet-on-market-volatility-annihilated-this-mutual-fund
Comments
In any case, unless someone goes to jail, nothing is going to change.
And no one is going to jail.
And nothing is going to change.