How the wrong bet on market volatility annihilated this mutual fund
from Crain's Chicago Business
Mutual fund manager LJM Partners was riding high in June when it won a big accolade: In front of 200 peers at the Four Seasons Hotel in Chicago, a top LJM executive accepted a Pinnacle Award, one of the highest honors in the derivatives industry, for best options strategy. The glory was short-lived. Last month, LJM took center stage again when a phalanx of lawyers arrived at the federal courthouse in Chicago representing clients seeking amends for millions of dollars in losses at the fund.
7701 Las Colinas Blvd., Ste. 800, Irving, TX 75063