New York, New York (PRWEB) August 22, 2013
Zamansky LLC announces that it is expanding its previously announced investigation of Paulson & Co. Advantage Fund and the Paulson “feeder” funds, in response to reports a large position was taken in the stock of InterOil Corp. The Paulson “feeder” funds are private equity or hedge funds sold by major brokerage firms such as Morgan Stanley, Citigroup, UBS Financial and Merrill Lynch which invested in Paulson & Co.’s (“Paulson”) Advantage and Advantage Plus hedge funds (the “Funds”). According to SEC filings, available at http://www.sec.gov., the feeder funds reflect have names such as UBS Paulson Advantage Fund, LionHedge Paulson, Paulson Advantage Access Fund, Morgan Stanley HedgePremier Paulson, and CAIS Paulson.
On June 11, 2013, MarketWatch reported that Paulson's 13F filings with the Securities and Exchange Commission reflected that he had accumulated a 1.9 million shares of InterOil Corp., which explores and produces oil and gas in Papa New Guinea.
Previously, on March 9, 2013, Zamansky had announced an investigation into the Paulson Fund and its feeder funds on behalf of investors who purchased through Morgan Stanley, UBS Financial, Merrill Lynch and Citigroup.
According to investment fraud attorney Jacob Zamansky, funds which concentrate their investments in large stock positions are only appropriate for risk-taking investors who are sophisticated and wealthy enough to appreciate and bear the risks. “The Paulson feeder funds are not suitable or appropriate for conservative or even moderate investors,” Zamansky states. "If you were an investor in the UBS Paulson Advantage Fund, LionHedge Paulson, Paulson Advantage Access Fund, Morgan Stanley HedgePremier Paulson, or CAIS Paulson, you may wish to have your investment reviewed for whether it was appropriate for you."
What Fund Investors Can Do
If you would like to discuss your legal rights and how you might recover your potential losses from the Paulson or feeder funds, you may, without obligation or cost to you, email jake(at)zamansky(dot)com or call the law firm at (212) 742-1414.
About Zamansky LLC
Zamansky LLC is one of the leading securities fraud law firms specializing in securities class actions and securities arbitration, and ERISA class action litigation. We are stock fraud attorneys who represent both individual and institutional investors. Our practice is nationally recognized for our ability to aggressively prosecute cases and recover losses.
To learn more about Zamansky, please visit our website, http://www.zamansky.com.
50 Broadway - 32nd Floor
New York, NY 10004
Jake Zamansky, 212-742-1414