Haselkorn & Thibaut, a national investor law firm, has just announced that it has started investigating the Vida Longevity Fund, LP, for violation of several financial regulations, including potential misconduct, breach of security law, and false valuation of the fund’s assets.
The Vida Longevity Fund is a Delaware limited partnership formed specifically to target long term settlements and investments. Additionally, it was structured as an open-ended hedge fund that offers investors the ability to obtain a liquid profit every quarter. According to Vida Longevity’s original report, the fund promised investors an annualized return of 10-14%.
If you or a retail investor you know has invested in the Austin based fund recently, please contact Hasekorn & Thibaut for more information by calling 1 888-628-5590 or visit InvestmentFraudLawyers.com for a free consultation on recovering your loses.
Moreover, Vida ensured its investors with effective risk management through well-planned and coherent policies based on age, carrier, and primary impairments. Nonetheless, market indicators have shown significant deviation from what the fund initially pledged and its delivery. That sparked conflict among the investor pool, which led to the pursuit of legal action against the fund.
New information has been disclosed, directly at Vida Longevity’s performance in the market. Out of the first five months of this year, the fund has shown a negative trend for three. Since the funds’ launch in 2010, the previous two years’ annual returns have been the lowest numbers ever recorded. Correspondingly, the Gas and Water Division, along with Memphis Light, have requested the company to appear before the board in September.
Investment fraud experts are saying that Vida owes complete integrity and transparency to its investors. There is also great concern regarding the risks past investors have now become exposed to due to Vida’s recent announcements about its negative trends and asset valuation.
Haselkorn & Thibaut was vigorously investigating whether Vida Longevity Fund had failed to inform its investors, resulting in misrepresentations properly.
Next step for Vida Investors?
Again, we urge you to contact our firm if you or someone you know has invested in the Vida Capital Fund. The sole purpose of this notice is to investigate potential broker-dealer sales practices and supervision issues related to transactions in New York City REIT. Please contact Haselkorn & Thibaut immediately to get a better understanding of the legal rights you possess and actions you can take without any cost or hesitation whatsoever. Email case@htattorneys.com or call the firm at 1 888-628-5590.
