JP Morgan Alternative Property Fund Domestic I, LP
“An open-end enhanced real estate fund investing in alternative property types such as hospitality, for-sale housing, and non-income producing investments in development and redevelopment.”
“A $600mm real estate fund focused on non core property types including student housing, assisted living, self storage, and hospitality.”
Zamansky & Associates LLC Investigates JPMorgan’s Alternative Property Fund
New York, New York (PRWEB) March 03, 2013
Zamansky & Associates LLC is investigating sales of JPMorgan’s Alternative Property Fund, Greater China Fund, Fleming European Property Fund and U.S. Real Estate Income & Growth Fund hedge funds (the “Funds”). The investigation focuses on whether these Funds were suitable for, and the risks properly disclosed to, investors by the financial advisors who sold them.
On August 9, 2012, a lawsuit was filed against J.P. Morgan Securities LLC by an investor in these Funds. The case is Esrisk Investments LP v. J.P. Morgan Securities LLC, Docket No. 652764/2012, Supreme Court, State of New York. The lawsuit details numerous alleged misrepresentations made by J.P. Morgan in the sales of the Funds.
Zamansky & Associates LLC is investigating the sales of these Funds to other investors. According to Jake Zamansky, “the Funds, like most hedge funds, are speculative and high risk investments that are not suitable and appropriate for conservative investors or retirees.” The Funds are also not suitable or appropriate for most retail investors who are inexperienced or unsophisticated, and cannot truly appreciate the risks, Zamansky believes.