We’re looking for investors who attempted to get redemptions from LM, but couldn’t. Either comment on this post or email us.
We’re looking for investors who attempted to get redemptions from LM, but couldn’t. Either comment on this post or email us.
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Stories abound around the world about investing into LM funds with the understanding that it was a conservative, low-risk investment. However, the evidence strongly suggests that it was actually high-risk, and further that Financial Advisors did not disclose details about the fund that were red flags.
If you would like to connect with each other, please share your story with us via email. Providing us with your contact details can enable us to pursue collective action and understandings.
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We tried to get a redemption of all our money from the WFMIF back in June 2008, but with no success. Fund was eventually frozen in march 2009
Just got Valuation report from LM and it shows that it dropped approx. 80%. I am not sure if any money will be paid back at all.
Please keep me posted about any news.
Dear Anton,
I haven’t found any news report for quite a few days. There will probably be more articles when it goes to court, I’m guessing.
Adam
Are you still looking for people who failed to get redemptions? I applied to redeem my money from the MPF in September 2011 but of course have had nothing.
Yes, thanks. We need to clearly illustrate that the fund was essentially not able to pay anyone any money ever.
I had 5 separate funds with the LM Performance Fund and the first 2 funds were due Feb 2011 and they refused to redeem my money or give
me a time frame.
I filed a dispute with the ASIC in March 2012 because LM would not give a timeframe So LM replied that I would get my money in 4 to 6 months ( Nov 2012) of course LM
refused to repay me in Nov 2012
so I have been waiting since Feb 2011 for my money from the LM Performance Fund.I was told that I was in a queue
and I had to wait my turn for the fairness of the other investors