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The e-mail arrived in clients' inboxes shortly after the market opened on Tuesday: "LJM strategies have suffered significant losses." LJM Partners, a Chicago-based hedge fund with about half a billion ...

(Reuters) - A Chicago-based fund manager that took risky bets on stock-market swings is shutting its doors after the strategy failed during the slump in U.S. equity markets in early February, ...

LJM and several affiliates (collectively, “LJM”) bring counterclaims for breach of contract (Count I), breach of implied covenant of good faith and fair dealing (Count II), breach of fiduciary duty ...

Feb 28 (Reuters) - A U.S. mutual fund that lost most of its value earlier this month after its bets on stock-market volatility soured will shut its doors in March, filings with securities regulators ...

NEW YORK, Jan 18 () - LJM Partners Ltd on Friday filed a lawsuit against unnamed parties it holds responsible for hundreds of millions of dollars it lost after last year's jump in stock market ...

One of the largest wealth managers must pay restitution and a fine after selling $18 million worth of investments in a risky alternative mutual fund that went bust. Processing Content A registered ...

NEW YORK (Reuters) - A Chicago fund manager that is closing after near-total losses in last month's U.S. stock market plunge was sued on Tuesday for $16.4 million by Wells Fargo Securities for having ...