I wonder if there's indeed grounds for a class action against those who made the due diligence work. Should it be found that they might not have acted in the fund's best interest or that there was some back-channeling the repercussions might be interesting.
But your money is definitely gone.
Now, on the other hand, forcing everyone to invest in that fund 10% of their earnings, considering the huge amount of risk they are taking and the very speculative nature of their investments... that sounds like something else that would be great to challenge in courts.
But your money is definitely gone.
Now, on the other hand, forcing everyone to invest in that fund 10% of their earnings, considering the huge amount of risk they are taking and the very speculative nature of their investments... that sounds like something else that would be great to challenge in courts.