{"id":272,"date":"2018-03-15T19:01:03","date_gmt":"2018-03-15T19:01:03","guid":{"rendered":"https:\/\/www.investorlawyers.com\/?p=272"},"modified":"2018-03-15T19:01:03","modified_gmt":"2018-03-15T19:01:03","slug":"investigation-began-of-asset-m","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/investigation-began-of-asset-m\/","title":{"rendered":"Investigation Underway of Asset Management Fund\u2019s (\u201cAMF\u201d) Ultra Short Fund (AULTX) and the Role of Shay Asset Management"},"content":{"rendered":"<p>\t\t\t\tWhen investors placed funds in The Ultra Short Fund (Nasdaq: AULTX), managed by The Asset Management Fund (\u201cAMF\u201d), they believed their funds were safely on the sidelines in a money market alternative. Later surprised by substantial losses in this fund, many now seek legal representation.<\/p>\n<p>On its website, AMF describes itself as a no-load mutual fund complex managed by Shay Assets Management, Inc., a privately-held investment adviser registered with the Securities and Exchange Commission (\u201cSEC\u201d). The AMF Funds are distributed by Shay Financial Services, Inc., a member of FINRA and SIPC. Shay Asset Management\u2019s corporate headquarters are located in Chicago, Illinois.<\/p>\n<p>The Ultra Short Fund\u2019s objective is listed as \u201ccurrent income with a very low degree of share-price fluctuation.\u201d However, the fund has declined more than 15% year to date. For investors seeking modest income and very low degree of price fluctuation, such losses are unacceptable, said Kirk G. Smith, a partner of the law firm Shepherd Smith Edwards &amp; Kantas LTD LLP (SSEK).<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/investigation-began-of-asset-m\/\"  title=\"Continue Reading Investigation Underway of Asset Management Fund\u2019s (\u201cAMF\u201d) Ultra Short Fund (AULTX) and the Role of Shay Asset Management\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>When investors placed funds in The Ultra Short Fund (Nasdaq: AULTX), managed by The Asset Management Fund (\u201cAMF\u201d), they believed their funds were safely on the sidelines in a money market alternative. Later surprised by substantial losses in this fund, many now seek legal representation. On its website, AMF describes itself as a no-load mutual [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3781],"tags":[2978,2979,2980],"class_list":["post-272","post","type-post","status-publish","format-standard","hentry","category-investment-advisers","tag-amf","tag-asset-management-fund","tag-aultx"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Investigation Underway of Asset Management Fund&#039;s Ultra Short Fund | SSEK Law Firm Blog<\/title>\n<meta name=\"description\" content=\"When investors placed funds in The Ultra Short Fund (Nasdaq: AULTX), managed by The Asset Management Fund (&quot;AMF&quot;), they believed their funds were safely on the sidelines in a money market alternative. Later surprised by substantial losses in this fund, many now seek legal representation. Read more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/investigation-began-of-asset-m\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Investigation Underway of Asset Management Fund&#039;s Ultra Short Fund | SSEK Law Firm Blog\" \/>\n<meta name=\"twitter:description\" content=\"When investors placed funds in The Ultra Short Fund (Nasdaq: AULTX), managed by The Asset Management Fund (&quot;AMF&quot;), they believed their funds were safely on the sidelines in a money market alternative. Later surprised by substantial losses in this fund, many now seek legal representation. Read more.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Investigation Underway of Asset Management Fund's Ultra Short Fund | SSEK Law Firm Blog","description":"When investors placed funds in The Ultra Short Fund (Nasdaq: AULTX), managed by The Asset Management Fund (\"AMF\"), they believed their funds were safely on the sidelines in a money market alternative. Later surprised by substantial losses in this fund, many now seek legal representation. Read more.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/investigation-began-of-asset-m\/","twitter_card":"summary_large_image","twitter_title":"Investigation Underway of Asset Management Fund's Ultra Short Fund | SSEK Law Firm Blog","twitter_description":"When investors placed funds in The Ultra Short Fund (Nasdaq: AULTX), managed by The Asset Management Fund (\"AMF\"), they believed their funds were safely on the sidelines in a money market alternative. Later surprised by substantial losses in this fund, many now seek legal representation. Read more.","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/investigation-began-of-asset-m\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/investigation-began-of-asset-m\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Investigation Underway of Asset Management Fund\u2019s (\u201cAMF\u201d) Ultra Short Fund (AULTX) and the Role of Shay Asset Management","datePublished":"2018-03-15T19:01:03+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/investigation-began-of-asset-m\/"},"wordCount":397,"keywords":["AMF","Asset Management Fund","AULTX"],"articleSection":["Investment Advisers"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/investigation-began-of-asset-m\/","url":"https:\/\/www.investorlawyers.com\/blog\/investigation-began-of-asset-m\/","name":"Investigation Underway of Asset Management Fund's Ultra Short Fund | SSEK Law Firm Blog","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2018-03-15T19:01:03+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"When investors placed funds in The Ultra Short Fund (Nasdaq: AULTX), managed by The Asset Management Fund (\"AMF\"), they believed their funds were safely on the sidelines in a money market alternative. Later surprised by substantial losses in this fund, many now seek legal representation. Read more.","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/investigation-began-of-asset-m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/investigation-began-of-asset-m\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/investigation-began-of-asset-m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Investigation Underway of Asset Management Fund\u2019s (\u201cAMF\u201d) Ultra Short Fund (AULTX) and the Role of Shay Asset Management"}]},{"@type":"WebSite","@id":"https:\/\/www.investorlawyers.com\/blog\/#website","url":"https:\/\/www.investorlawyers.com\/blog\/","name":"Investor Lawyers Blog","description":"Published By Investment Fraud Attorneys \u2014 Shepherd Smith Edwards &amp; Kantas, LLP","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.investorlawyers.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431","name":"Shepherd Smith Edwards &amp; Kantas, LLP","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","caption":"Shepherd Smith Edwards &amp; Kantas, LLP"},"sameAs":["https:\/\/www.investorlawyers.com\/"]}]}},"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pedX9K-4o","_links":{"self":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/272","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=272"}],"version-history":[{"count":0,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/272\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}