LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Catalyst Hedged Futures Strategy Fund (“Catalyst” or the “Fund”) (Nasdaq: HFXAX, HFXCX, HFXIX).
If you purchased or otherwise acquired the Fund’s Class A, Class C or Class I shares, and would like more information about the investigation, we encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights without cost to you.
The investigation focuses on whether Catalyst and certain of its officers and/or directors violated federal securities laws. In August 2013, Catalyst was converted from a hedge fund to a mutual fund. The Fund stated in its Prospectuses that its objective is “capital appreciation and capital preservation in all market conditions, with low volatility and low correlation to the US equity market.” Catalyst continued, however, to make investments as if it were a hedge fund. Specifically, the Fund made a directional bet that the general equity market would not rise significantly in value, in the form of massive option contracts that effectively “shorted” the S&P 500. As these undisclosed risks materialized, the Fund’s investors suffered hundreds of millions of dollars in losses. Between February 2, 2017 and March 15, 2017, the Net Asset Value of Catalyst’s Class A shares, Class C shares and Class I shares declined approximately 21%.
If you have any questions concerning your legal rights, please immediately contact Goldberg Law PC at 800-977-7401, or visit our website at http://www.Goldberglawpc.com, or email us at firstname.lastname@example.org.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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