IRVINE, Calif., June 26, 2017 (GLOBE NEWSWIRE) -- Khang & Khang LLP (the “Firm”) announces a securities class action lawsuit against Catalyst Hedged Futures Strategy Fund (“Catalyst” or the “Fund”) (Nasdaq:HFXAX) (Nasdaq:HFXCX) (Nasdaq:HFXIX). Investors who purchased or otherwise acquired the Fund’s shares between November 1, 2014 and April 28, 2017, inclusive (the “Class Period”), are encouraged to contact the Firm by the June 27, 2017 lead plaintiff motion deadline.
If you purchased Catalyst shares during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone at (949) 419-3834, or by e-mail at joon@khanglaw.com.
There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
According to the Complaint, Catalyst violated federal securities laws by making materially false and/or misleading public statements, and/or failing to disclose material information, during the Class Period. 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.” It was eventually revealed that Catalyst 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 lost hundreds of millions of dollars. From February 2, 2017 through March 15, 2017, the Net Asset Value of the Fund’s Class A, C and I shares fell about 21%.
If you wish to learn more about this lawsuit, or if you have questions about this notice or your rights, please contact Joon M. Khang, Esq., a prominent litigator for nearly two decades, by telephone at (949) 419-3834, or by e-mail at joon@khanglaw.com.
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