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Recent Losses Raise Suspicion About Vida Capital Management’s Longevity Fund

August 17, 2020 Blog

As we recently announced, our firm has launched an investigation into recent losses sustained by investors in Vida Capital Management, LLC’s Vida Longevity Fund, LP (“the Vida Longevity Fund”). Our investment fraud attorneys have been made aware that some of the investors in the Vida Longevity Fund have come to question Vida Capital Management, LLC’s business practices, and the preliminary results of our investigation have suggested that investors who have lost money with Vida Capital Management, LLC may be entitled to recover their losses through securities arbitration with the Financial Industry Regulatory Authority (FINRA) or by filing a lawsuit in federal court.

Have You Suffered Losses Investing in the Vida Longevity Fund?

Launched in 2010, the Vida Longevity Fund was promoted to investors as a safe investment strategy for investors seeking low volatility and long-term returns. Vida Capital Management, LLC describes its strategy as having, “a predominant focus on longevity-contingent risk,” and purportedly relies on a contractual relationship with Magna Life Settlements (a “top-ranked life settlement provider”) to receive, “a proprietary deal flow of consistent investment opportunities.”

On its website, Vida Capital Management, LLC claims to have been registered with the U.S. Securities and Exchange Commission (SEC) since 2010. This appears correct according to the SEC’s Investment Advisor Public Disclosure (IAPD) database. The IAPD also lists three registered investment advisors as being affiliated with Vida Capital Management, LLC:

  • Jeffrey Robert Serra
  • Daniel Jonathan Young
  • Christopher Michael Caputo

While Vida Capital Management, LLC’s website lists Serra as its CEO and Young as a Senior Managing Director, it does not currently list Caputo as a member of its staff. Vida Capital Management, LLC’s website also indicates that the firm is licensed with Britehorn Securities.

According to PrivateFundData.com, the Vida Longevity Fund is one of two hedge funds managed by Vida Capital Management, LLC. PrivateFundData.com reports that the Vita Longevity Fund has close to $63 million in assets and requires a minimum investment of $100,000. Vida Capital Management, LLC describes its clients as, “leading pension plans, insurance companies, endowment & foundations, family offices, and registered investment advisors.”

What are the Allegations Against Vida Capital Management LLC?

At this point, the investigation into the Vida Longevity Fund is still ongoing. Investors have raised concerns as a result of experiencing returns in 2018 and 2019 that were substantially lower than those experienced in all prior years since the fund’s establishment in 2010, as well as a continuing negative trend during the first half of 2020. Possible allegations our attorneys are investigating at this time include (but are not necessarily limited to):

  • Making material misrepresentations in statements to Vida Longevity Fund Investors regarding its business, operations and prospects;
  • Omitting material information in statements to Vida Longevity Fund Investors; and,
  • Making unsuitable investment recommendations and engaging in other fraudulent practices pertaining to the Vida Longevity Fund.

Request a Free and Confidential Consultation at Zamansky, LLC

If you have invested with Vida Capital Management, LLC and would like to speak with one of our securities fraud attorneys about our ongoing investigation, please contact us to arrange a free and confidential consultation. Call 212-742-1414 nationwide, or send us your contact information and we will respond promptly.