SEATTLE, Nov. 11, 2013 (GLOBE NEWSWIRE) -- Attorney Advertising. Keller Rohrback L.L.P. is currently investigating various fund managers, brokers and advisors of managed-futures funds regarding allegedly excessive fees associated with those funds and potential conflicts of interest. Many managed-futures funds have fees that are so high they wipe out all gains for investors.
According to the Bloomberg Markets Magazine article "How Investors Lose 89 Percent of Gains from Futures Funds," 89 percent of the $11.51 billion of gains in 63 managed-futures funds went to fees, commissions, and expenses from 2003 through 2012. As reported by Bloomberg, managed-futures funds often charge clients 7 to 9 percent of assets invested annually in addition to 20 percent of any profits which can turn any gain into a loss for investors. For example, Morgan Stanley's Spectrum Technical LP fund made $490 million in trading gains and income from 2003 to 2012. But the investors who bore all the risk did not receive one cent of these profits as all the profits (and then some) were eaten up by the $498.7 million in commissions, expenses, and fees investors paid to Morgan Stanley. And as if excessive fees are not enough, some managed-futures funds allow their managers to make undisclosed "side-bets" by trading ahead or opposite the fund's trades—an obvious conflict of interest.
Along with Morgan Stanley's Spectrum Technical LP which is run through Morgan Stanley subsidiary Ceres Managed Futures LLC, Bloomberg named Merrill Lynch's Systemic Momentum FuturesAccess LLC, Grant Park Futures Fund LP, Altegris Winton Futures Fund, Campbell Strategic Allocation Fund L.P., BlackRock Global Horizons I L.P, Managed Futures Premier BHM Fund, RJO Global Trust, and Morgan Stanley's Spectrum Strategic Fund.
Our investigation focuses on whether the terms and the fees associated with these funds violate any laws and whether the fund managers, brokers, and advisors of the managed-futures funds are properly disclosing the terms and fees associated with the investments. If you or someone you know has invested in a managed-futures fund and would like to discuss our investigation or would like additional information, please contact paralegal Cindy Buser or attorneys Mike Woerner or Michael Licata at 800.776.6044 or investor@kellerrohrback.com.
Keller Rohrback, with offices in Seattle, Phoenix, New York, and Santa Barbara, has successfully pursued claims against investment companies, funds, and their advisors. We are committed to helping those harmed by excessive fees and have achieved multi-million dollar results on behalf of classes of Plaintiffs.
Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.