Did you purchase the Citigroup Flacon Fund?
Our attorneys may be able to help you with your claim and recover your losses
Citigroup’s Falcon Plus Strategies Fund lost almost 53% in the fourth quarter of 2007, and is down about 75% overall. The losses in the Falcon Fund have been largely attributed to the Fund investing in mortgage-backed and preferred securities and making trades based on the relative values of municipal bonds and U.S. Treasuries. Collateralized Debt Obligations (“CDOs”) in the Fund are now worth as little as 25% of their original value. It has been alleged that the Fund defrauded investors through the Funds’ “exorbitant fees”, Citi Alternative Investments marketed the Falcon Fund as “low risk” with “low volatility.” The Falcon Fund managers moved the fund’s assets into a riskier strategy without informing the investors of the material change.
If you have not opted into the pending class action and would like to bring your own individual case before the Financial Industry Regulatory Authority (FINRA) call 888-760-6552.