{"id":4554,"date":"2008-01-17T16:50:20","date_gmt":"2008-01-17T16:50:20","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2008\/01\/investors_into_bear_stearns_mu"},"modified":"2021-09-20T15:40:51","modified_gmt":"2021-09-20T20:40:51","slug":"investors-into-bear-stearns-mu","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/investors-into-bear-stearns-mu\/","title":{"rendered":"Investors into Bear Stearns&#8217; &#8220;Mult-Strategy Fund Warrants&#8221; Lose over 99% on Their Investment"},"content":{"rendered":"<p>\t\t\t\tOn Christmas Eve a Bear Stearns client received a present &#8211; a check for $1,000 &#8211; less some fees.  While a check for $1,000 at Christmas time can come in handy, it was no gift since this was to close out an investment by the client in 2001 of almost $120,000!   <\/p>\n<p>Accoording to the paperwork provided to the investor, management chose to terminate early the Bear Stearns Multi-Stragegy Warants expiring March 31, 2009.  The warrants, stated in the notice provided, were &#8220;linked to the performance of the Bear Stearns Multi-Strategy Fund, L.P.&#8221;  the value of the warrants at maturity was to be based upon the average of the six month-end &#8220;net asset value&#8221; of the fund.  That maturity never occured because the warrants were ended abruptly more than a year early.  <\/p>\n<p>According to the notice &#8220;the underlying constituents of the Fund were: New Castle Millennium II, L.P., New Castle Market Neutral, L.P. and Bear Stearns Emerging Markets Macro Fund, L.P., Bear Stearns Institutional Leveraged Loan Fund, L.P. Bear Stearns ABS Partners, L.P. and Bear Stearns High-Grade Structured Credit Strageties Enhanced Leverage Fund, L.P., with approximatelly equal wieghting.&#8221;    <\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/investors-into-bear-stearns-mu\/\"  title=\"Continue Reading Investors into Bear Stearns&#8217; &#8220;Mult-Strategy Fund Warrants&#8221; Lose over 99% on Their Investment\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>On Christmas Eve a Bear Stearns client received a present &#8211; a check for $1,000 &#8211; less some fees. While a check for $1,000 at Christmas time can come in handy, it was no gift since this was to close out an investment by the client in 2001 of almost $120,000! Accoording to the paperwork [&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":[3807],"tags":[],"class_list":["post-4554","post","type-post","status-publish","format-standard","hentry","category-bear-stearns"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Investors into Bear Stearns&#039; &quot;Mult-Strategy Fund Warrants&quot; Lose over 99% on Their Investment &#8212; Investor Lawyers Blog &#8212; January 17, 2008<\/title>\n<meta name=\"description\" content=\"On Christmas Eve a Bear Stearns client received a present - a check for $1,000 - less some fees. While a check for $1,000 at Christmas time can come in &#8212; January 17, 2008\" \/>\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\/investors-into-bear-stearns-mu\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Investors into Bear Stearns&#039; &quot;Mult-Strategy Fund Warrants&quot; Lose over 99% on Their Investment &#8212; Investor Lawyers Blog &#8212; January 17, 2008\" \/>\n<meta name=\"twitter:description\" content=\"On Christmas Eve a Bear Stearns client received a present - a check for $1,000 - less some fees. While a check for $1,000 at Christmas time can come in &#8212; January 17, 2008\" \/>\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":"Investors into Bear Stearns' \"Mult-Strategy Fund Warrants\" Lose over 99% on Their Investment &#8212; Investor Lawyers Blog &#8212; January 17, 2008","description":"On Christmas Eve a Bear Stearns client received a present - a check for $1,000 - less some fees. 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While a check for $1,000 at Christmas time can come in &#8212; January 17, 2008","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\/investors-into-bear-stearns-mu\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/investors-into-bear-stearns-mu\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Investors into Bear Stearns&#8217; &#8220;Mult-Strategy Fund Warrants&#8221; Lose over 99% on Their Investment","datePublished":"2008-01-17T16:50:20+00:00","dateModified":"2021-09-20T20:40:51+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/investors-into-bear-stearns-mu\/"},"wordCount":510,"articleSection":["Bear Stearns"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/investors-into-bear-stearns-mu\/","url":"https:\/\/www.investorlawyers.com\/blog\/investors-into-bear-stearns-mu\/","name":"Investors into Bear Stearns' \"Mult-Strategy Fund Warrants\" Lose over 99% on Their Investment &#8212; Investor Lawyers Blog &#8212; January 17, 2008","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2008-01-17T16:50:20+00:00","dateModified":"2021-09-20T20:40:51+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"On Christmas Eve a Bear Stearns client received a present - a check for $1,000 - less some fees. 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