{"id":7079,"date":"2019-05-15T15:49:57","date_gmt":"2019-05-15T20:49:57","guid":{"rendered":"https:\/\/www.investorlawyers.com\/?p=7079"},"modified":"2019-05-15T15:49:57","modified_gmt":"2019-05-15T20:49:57","slug":"ljm-partners-sues-over-volatility-losses","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/ljm-partners-sues-over-volatility-losses\/","title":{"rendered":"Fund Manager LJM Partners Sues Over Volatility Losses"},"content":{"rendered":"<p>\t\t\t\tLJM Partners is suing a number of unnamed parties after losing hundreds of millions of dollars during a major incident of stock market volatility early last year now known as \u201cVol-magedon.\u201d The Chicago-based fund manager and commodity trading advisor (CTA) claims that these losses are what forced it to go out of business.<\/p>\n<p>LJM had backed complex derivatives, which plunged in value after the largest ever one-day jump in the <a href=\"https:\/\/www.marketwatch.com\/investing\/index\/vix\" target=\"_blank\" rel=\"noopener noreferrer\">VIX volatility index<\/a> in February 2018. The fund manager later gave back what was left of clients\u2019 funds and shuttered its operations.<\/p>\n<p>While LJM held $812M in assets at the start of that month, by the end of February, that figure had dwindled to $14M. One of its affiliates, which operated the LJM Preservation and Growth Fund\u2014a mutual fund for retail investors\u2014lost half its value due to the VIX volatility index jump. The fund then went on to lose the rest of its value as it unwound its holdings.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/ljm-partners-sues-over-volatility-losses\/\"  title=\"Continue Reading Fund Manager LJM Partners Sues Over Volatility Losses\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>LJM Partners is suing a number of unnamed parties after losing hundreds of millions of dollars during a major incident of stock market volatility early last year now known as \u201cVol-magedon.\u201d The Chicago-based fund manager and commodity trading advisor (CTA) claims that these losses are what forced it to go out of business. LJM had [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6827,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3773,3774,3738],"tags":[3403,3404,3405],"class_list":["post-7079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broker-fraud","category-broker-dealers","category-investor-fraud","tag-ljm-partners","tag-vix-volatility-index","tag-vol-magedon"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>LJM Partners Sue Over Volatility Losses &#8212; Investor Lawyers Blog<\/title>\n<meta name=\"description\" content=\"LJM Partners is suing a number of unnamed parties after losing hundreds of millions of dollars during a major incident of stock market volatility early last year now known as \u201cVol-magedon.\u201d\" \/>\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\/ljm-partners-sues-over-volatility-losses\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"LJM Partners Sue Over Volatility Losses &#8212; 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