The Meissner firm is currently investigating the Aravali Fund which was sold by Deutsche Bank and other brokerage firms to investors. It has been reported that Deutsche Bank represented the Aravali Fund to be a “virtually ‘risk free'” investment that invested in high quality municipal bonds and would serve as an alternative to a municipal bond portfolio. As such, the Aravali fund was sold to investors whose primary investment objectives consisted of income and preservation of capital and were seeking a conservative investment. In reality, contrary to the misrepresentations made by Deutsche Bank in soliciting the Fund to conservative investors as an alternative investment, the Aravali Fund was a speculative fund that engaged in a complex arbitrage strategy which involved a significant short position in treasury bonds, interest rate swaps and a highly leveraged pool of municipal bonds. Further, at least one Deutsche Bank broker who sold the Aravali Fund has claimed that it was misrepresented to him by Deutsche Bank. As a result of this risky investment strategy, which was wrongfully represented to investors, the Aravali Fund declined more than 90% and investors in the Fund have sustained significant damages. If you were a victim of such impropriety and have sustained substantial losses by investing in the Aravali Fund, you may be entitled to recover damages. Please contact the Meissner firm, which is nationally known for its record win statistics in FINRA Arbitration, for a free consultation. |