{"id":4652,"date":"2008-08-27T12:50:10","date_gmt":"2008-08-27T12:50:10","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2008\/08\/investigation_began_of_asset_m"},"modified":"2008-08-27T12:50:10","modified_gmt":"2008-08-27T12:50:10","slug":"investigation-began-of-asset-m-2","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/investigation-began-of-asset-m-2\/","title":{"rendered":"Investigation Underway of Asset Management Fund’s (“AMF”) Ultra Short Fund (AULTX) and the Role of Shay Asset Management"},"content":{"rendered":"

\t\t\t\tWhen 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. <\/p>\n

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 (“SEC”). The AMF Funds are distributed by Shay Financial Services, Inc., a member of FINRA and SIPC. Shay Asset Management’s corporate headquarters are located in Chicago, Illinois. <\/p>\n

The Ultra Short Fund’s objective is listed as “current income with a very low degree of share-price fluctuation.” 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 & Kantas LTD LLP (SSEK). <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

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. On its website, AMF describes itself as a no-load mutual […]<\/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":[3799],"tags":[],"class_list":["post-4652","post","type-post","status-publish","format-standard","hentry","category-mutual-funds"],"yoast_head":"\nInvestigation Underway of Asset Management Fund's ("AMF") Ultra Short Fund (AULTX) and the Role of Shay Asset Management — Investor Lawyers Blog — August 27, 2008<\/title>\n<meta name=\"description\" content=\"When investors placed funds in The Ultra Short Fund (Nasdaq: AULTX), managed by The Asset Management Fund ("AMF"), they believed their funds were safely — August 27, 2008\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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