Are you an individual investor that has lost money in the Harbinger Capital Partners Fund? If so, the securities attorneys of The White Law Group may be able to help.
As the market has slowly puttered along over the last few years, financial advisors and brokerage firms have been looking for new ways to increase returns for their clients. One such way is the increasing practice of investing individual investors in hedge funds. This is often accomplished by packaging multiple individual investors to meet the minimum investment requirements often required by hedge funds.
Unfortunately for these investors, hedge funds are extremely risky and not suitable for every investor. 2011 was a particularly volatile year for hedge fund investors and many hedge funds were down substantially.
One such hedge fund is the Harbinger Capital Partners Fund.
The Harbinger Capital Partners Fund, operated by Philip Falcone, is reported to be down a staggering 47% of its value in 2011 after writing down its investment in satellite broadband startup LightSquared.
If you invested in this hedge fund at the recommendation of your financial professional or brokerage firm, you may be able to recover your investment losses through FINRA arbitration.
Brokerage firms have a fiduciary duty to research investments prior to recommending them for sale to its clients. Brokerage firms are also required to make sure that the investments recommended to their clients are appropriate in light of the client’s age, investment experience, investment objectives, and net worth.
Due to the high risk nature of hedge funds like the Harbinger Capital Partners Fund, such investments are only appropriate for the most sophisticated and high net worth investors, and even then, only as a small part of the investor’s overall investment strategy.
To speak with a hedge fund attorney regarding your hedge fund losses, please call The White Law Group’s Chicago office at 312/238-9650.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.
For more information on The White Law Group, visit http://www.whitesecuritieslaw.com.