Citi Hedge Funds face allegations of devastating losses for investors from mismanagement, breach of fiduciary duty and nondisclosure of the high risk strategy in MAT Five, CSO and Falcon hedge funds.

Over the last year, different Citigroup hedge funds alleged to be operating with complete disregard for investors have collapsed resulting in very substantial losses for investors and a series of securities lawsuits against Citi. MAT Five, a hedge fund managed by Citigroup Alternative Investments has lost huge value since its inception. Citi also suspended redemption of all shares and eventually liquidated its troubled Corporate Special Opportunities hedge fund also known as CSO Partners resulting in almost a total loss of investments for clients. The Falcon Strategies Hedge Fund lost almost 75% of its value amidst allegations of misrepresentations of the financial condition of the CSO fund and its leverage and accusations of mismanagement. Investment losses of this magnitude raise claims of gross negligence, breach of fiduciary responsibilities, mismanagement, and misrepresentations of investment risk and strategy.

Meyerson & Miller has formed an experienced securities fraud team and Task Force to represent the victims of substantial losses in Citi Group Hedge Funds, including MAT Five, CSO (Corporate Special Opportunities) and Falcon. The firm is co-venturing the securities fraud team with Durant & Durant LLP, which has handled thousands of securities cases of every conceivable type from arbitrations to class actions. Jack Meyerson and Marc Durant are both former federal criminal fraud prosecutors. Together they have more than 70 years of legal experience in aggressively pursuing fraudsters and in obtaining recoveries for victims of securities schemes and frauds. Debora O’Neill has maintained an active commercial and class action practice for more than 25 years in complex civil cases, including multi-district litigation. Rita Durant has over 25 years of litigation experience, the vast majority of which involving securities litigation. The firms have handled hundreds of civil and criminal business, financial and securities cases, including lengthy trials, representing both plaintiffs and defendants.

The task force team will aggressively pursue the Citigroup hedge funds, to seek all available compensatory and punitive damages for victims of mismanagement and misleading representations and misstatements of the investment strategy of the fund portfolios, handling each investor’s claim on an individual basis to maximize recovery. The team is interested in representing investors who choose to opt out of the MAT Five class action settlement for the opportunity to pursue individual arbitration claims through the Financial Industry Regulatory Authority, known as the FINRA.

Our team has the advantage and experience that comes from being prior U.S. Attorneys and criminal prosecutors and, as a result, is able to co-ordinate our civil collection efforts with pending governmental civil and criminal actions.

We are currently representing Citi victims. If you would like our team to evaluate your Citigroup investment claim, please contact us.