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Alleged Mismanagement and Investor Woes: Zamansky, LLC Investigates JP Morgan and Morgan Stanley Over Tiger Global Fund Sales

December 21, 2023 Active Cases & Investigations

Zamansky, LLC is investigating claims against JP Morgan and Morgan Stanley for selling the Tiger Global Fund to the firms’ clients. Our investigation focuses on the conduct of JP Morgan and Morgan Stanley, and the claim that they made unsuitable recommendations of Tiger Global to their clients and failed to conduct proper due diligence. These activities resulted in massive losses for clients invested in Tiger funds. Investors who have been affected or are concerned about their rights are urged to contact an investment fraud lawyer for a thorough evaluation.

Tiger Global Fund’s Troubles

The Tiger Global hedge fund faced substantial losses in the first quarter of 2016, amounting to over a billion dollars. Public news reports attribute these losses to highly leveraged bets on concentrated positions in a few tech stocks, with major hits taken on investments in Amazon.com Inc., Netflix Inc., and JD.com Inc. These three companies constituted nearly half of Tiger Global’s portfolio at the beginning of 2016.

Our Investigation Focus

Zamansky’s investigation delves into whether Tiger Global improperly altered its investment strategy or engaged in style drift. Examining the investment decisions made over the past two years and the departure of key partners in 2015, including Feroz Dewan, the investigation also aims to determine if there was a significant increase in risk within the Tiger Global fund during this period.

Investors who were part of the Tiger Global hedge fund and are seeking an evaluation of their investment or clarification on their rights are encouraged to contact our securities fraud law firm.

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