Infinity Q

Aidikoff, Uhl & Bakhtiari is investigating potential claims for investors in the Infinity Q Diversified Alpha Fund Institutional Class (NASDAQ:IQDNX) and Infinity Q Diversified Alpha Fund Investor Class (NASDAQ:IQDAX), collectively (“Infinity Q”).

The investigation concerns whether brokerage firm sales practices and due diligence conducted in connection with the recommendation to purchase or hold Infinity Q funds harmed investors.

On February 23, 2021, the Wall Street Journal published a report, “Investment Firm Halts Redemptions on $1.8 Billion Fund: Infinity Q Capital Management bans its chief investment officer from trading after discovering issues valuing the fund’s holdings”. The report stated that, “Investment firm Infinity Q Capital Management LLC asked the Securities and Exchange Commission to halt redemptions on one of its mutual funds and forbid its chief investment officer from trading after discovering issues valuing the fund’s holdings.” The article continued to state that, “[t]he fund was unable to calculate an NAV on February 19, 2021, and it is uncertain when the fund will be able to calculate an NAV that would enable it to satisfy requests for redemptions of fund shares[.]”

If you are an investor that lost more than $100,000 in Infinity Q related losses you should consider all legal options. If you wish to discuss your particular situation and the potential for the recovery of your investment losses, or you have information of interest, please contact us for an evaluation of your potential case.