Alternative Investment Loss Attorney

Are You An Investor Who Suffered Hatteras Investment Partners Fund Losses?

You May Have Been The Victim of Unsuitability or Other Broker Misconduct

If you sustained losses in one of the following Hatteras Investment Partners Funds, contact Shepherd Smith Edwards and Kantas (investorlawyers.com) today to schedule your free, initial case consultation:

• Hatteras Core Alternatives Fund
• Hatteras Core Institutional Fund
• Hatteras Core Alternatives TEI Fund
• Hatteras Core Alternatives TEI Institutional Fund

There is growing concern that many Hatteras investors may have been unsuitably recommended these alternative investments by a financial advisor. After Hatteras sold these Funds to The Beneficient Company Group a few years back, Hatteras Core Alternative Fund investors may have lost up to 95% of their principal investment.

According to one of the filings to the US Securities and Exchange Commission (SEC), the Hatteras Master Fund LP exchanged interests in its underlying assets for Beneficient Preferred Series B-2 Unit interests. After Beneficient and Avalon Acquisitions merged last year, Hatteras Fund preferred shares became Class A Common stock with an $8/share price initially. The Hatteras stock has gone down to $.08/share.

It didn’t help Hatteras investors that they paid high commissions to their financial advisors, as well as, in some cases, a dual layer of fees—at the fund level and the underlying fund level.

Meanwhile, Beneficient has ties to GWG  Holdings via its CEO Brad Heppner. GWG is accused of operating an over $1.6B Ponzi scam.

While investors are suing Hatteras with a class action securities lawsuit—they are accusing Hatteras directors of breach of fiduciary duty related to the Hatteras Investment Partners Funds—if you are a Hatteras investor seeking to recoup your losses, you may want to explore your legal options and see whether you have grounds for submitting your investor lawsuit against your financial advisor that sold you this alternative investment.

Why Hire a Skilled Alternative Investment Loss Attorney To Recoup Your Hatteras Fund Losses?

Alternative investments tend to be risky, illiquid, and complex, and many are unsuitable for conservative retirees, unsophisticated investors, and retail investors. Brokers are supposed to make sure that any investment recommendation is appropriate for a customer given the latter’s financial profile, investing goals, and risk tolerance level.

It is their duty to make sure that no misrepresentations and omissions are made regarding the financial product being marketed, and that the investor has a full understanding of the risks they are taking on. Meanwhile, brokerage firms are supposed to properly supervise their financial advisors and make sure that there is no negligence or misconduct being committed in customers’ accounts.

You want to work with seasoned alternative investment loss recovery lawyers who know how to determine the cause of your portfolio losses and whether you should pursue damages from your broker-dealer or investment adviser.

Contact Our Trusted Hatteras Fund Loss Lawyers Today 

Shepherd Smith Edwards and Kantas has successfully represented thousands of investors in arbitration, mediation, and litigation. This includes dozens of GWG L Bond investors who sustained serious losses because their financial advisors ignored red flags indicating that those high-risk junk bonds may have been part of a major investment fraud.

We have the skills, knowledge, and resources to represent clients in even the most complex securities fraud lawsuits. More than 90% of those we have helped have received full or partial financial recovery.

Call our Alternative Investment Loss Attorney team at (800) 259-9010 or contact us online.