Catalyst Hedged Futures Strategy Fund (HFXAX, HFXCX, HFXIX) Information Request Form
Levi & Korsinsky, LLP announces the commencement of a class action lawsuit in the USDC for the Eastern District of New York on behalf of purchasers of Class A, Class C, and Class I shares of the Catalyst Hedged Futures Strategy Fund (NASDAQ: HFXAX, HFXCX, HFXIX) between November 1, 2014 and April 28, 2017.
Certain of the Fund’s executive officers and/or trustees and others are charged with failing to disclose material information during the Class Period, violating federal securities laws. The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the Fund’s prospectuses declared “The Fund employs strict risk management procedures to adjust portfolio exposure as necessitated by changing market conditions”; (ii) despite converting from hedge fund to a more risk-limiting mutual fund, it continued to invest using a heightened risk strategy; and (iii) as a result, the Fund’s financial statements were materially false and misleading at all relevant times.
As these undisclosed risks materialized, the Fund’s investors suffered hundreds of millions of dollars in losses, with the value of Fund assets plummeting over $1 billion since the beginning of 2017. Between February 2, 2017 and March 15, 2017, the net asset value of the Fund’s Class A shares, Class C shares, and Class I shares has declined approximately 21 percent.
If you suffered a loss in Catalyst Hedged Futures you have until June 27, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.