{"id":447819,"date":"2021-03-02T00:05:31","date_gmt":"2021-03-02T05:05:31","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=447819"},"modified":"2021-03-02T00:05:31","modified_gmt":"2021-03-02T05:05:31","slug":"hagens-berman-national-trial-attorneys-encourages-infinity-q-diversified-alpha-fund-iqdax-iqdnx-investors-with-losses-to-contact-its-attorneys-fund-halts-redemptions-and-suspends-chief-investmen","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-infinity-q-diversified-alpha-fund-iqdax-iqdnx-investors-with-losses-to-contact-its-attorneys-fund-halts-redemptions-and-suspends-chief-investmen\/","title":{"rendered":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Infinity Q Diversified Alpha Fund (IQDAX; IQDNX) Investors with Losses to Contact Its Attorneys, Fund Halts Redemptions and Suspends Chief Investment Officer"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n SAN FRANCISCO<\/span>, March 2, 2021<\/span> \/PRNewswire\/ —\u00a0Hagens Berman urges Infinity Q Diversified Alpha Fund (IQDAX; IQDNX) (the “Fund”) investors with significant losses to submit your losses now<\/a>.\u00a0 A securities fraud class action has been filed after advisor Infinity Q Capital Management announced it is shutting down the Fund.\u00a0 Certain investors may have valuable claims. <\/p>\n

\n

\n
\n \"Hagens
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n Class Period: <\/b>
\n Dec. 21, 2018<\/span> \u2013 Feb. 22, 2021<\/span>
Lead Plaintiff Deadline: <\/b>Apr. 27, 2021<\/span>
Visit:<\/b>\u00a0www.hbsslaw.com\/investor-fraud\/IQDAX<\/a>\u00a0
Contact An Attorney Now:<\/b>\u00a0IQDAX@hbsslaw.com<\/a>\u00a0
844-916-0895<\/b><\/p>\n

\n Infinity Q Diversified Alpha Fund (IQDAX; IQDNX) Securities Fraud Class Action: <\/b>\n <\/p>\n

The complaint alleges defendants misrepresented and concealed that (1) the Fund’s Chief Investment Officer manipulated variables going into valuation of significant Fund assets, (2) as a consequence, the Fund and its advisor would not be able to correctly calculate the Fund’s net asset value (“NAV”), (3) previously reported NAVs were unreliable, and (4) because of the foregoing the fund would halt redemptions and liquidate assets.<\/p>\n

The truth emerged on Feb. 22, 2021<\/span>, when the advisor and Fund filed an application with the SEC seeking permission to suspend Fund share redemptions.\u00a0 The application also stated the Fund should be liquidated in part because of an inability to determine the impact of the CIO’s “adjustments” to models used to value certain swap instruments. <\/p>\n

The same day, Bloomberg <\/i>published an article entitled “Mutual Fund Locks Out Founder After SEC Questions Swaps Pricing” reporting that the fund’s advisor (1) cut off founder, majority owner, and CIO James Velissaris’ access to accounts and trading, and (2) had verified that Velissaris did in fact access and alter the third-party valuation models pertaining to hundreds of millions of dollars of swaps.<\/p>\n

“We’re focused on investors’ losses and proving defendants intentionally inflated the fund’s NAV,” said Reed Kathrein<\/span>, the Hagens Berman partner leading the investigation. <\/p>\n

If you are an Infinity Q Diversified Alpha Fund\u00a0investor and have significant losses, or have knowledge that may assist the firm’s investigation, click here to discuss your legal rights with Hagens Berman<\/a>.<\/p>\n

\n Whistleblowers: <\/b>Persons with non-public information regarding Infinity Q Diversified Alpha Fund should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. \u00a0Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. \u00a0For more information, call Reed Kathrein<\/span> at 844-916-0895<\/b> or email mailto:<\/a>IQDAX@hbsslaw.com<\/a>.<\/p>\n

\n
\n About Hagens Berman<\/a>
\n
\n <\/u>Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys.\u00a0 The firm represents investors, whistleblowers, workers and consumers in complex litigation.\u00a0 More about the firm and its successes is located at hbsslaw.com<\/a>. \u00a0For the latest news visit our newsroom<\/a><\/u> or follow us on Twitter at @classactionlaw<\/a><\/u>.<\/p>\n

\n Contact:<\/u>
\n
\n Reed Kathrein<\/span>, 844-916-0895<\/p>\n

\u00a0<\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/hagens-berman-national-trial-attorneys-encourages-infinity-q-diversified-alpha-fund-iqdax-iqdnx-investors-with-losses-to-contact-its-attorneys-fund-halts-redemptions-and-suspends-chief-investment-officer-301238047.html<\/a><\/p>\n

SOURCE Hagens Berman Sobol Shapiro LLP<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire SAN FRANCISCO, March 2, 2021 \/PRNewswire\/ —\u00a0Hagens Berman urges Infinity Q Diversified Alpha Fund (IQDAX; IQDNX) (the “Fund”) investors with significant losses to submit your losses now.\u00a0 A securities fraud class action has been filed after advisor Infinity Q Capital Management announced it is shutting down the Fund.\u00a0 Certain investors may have valuable claims. Class Period: Dec. 21, 2018 \u2013 Feb. 22, 2021Lead Plaintiff Deadline: Apr. 27, 2021Visit:\u00a0www.hbsslaw.com\/investor-fraud\/IQDAX\u00a0Contact An Attorney Now:\u00a0IQDAX@hbsslaw.com\u00a0844-916-0895 Infinity Q Diversified Alpha Fund (IQDAX; IQDNX) Securities Fraud Class Action: The complaint alleges defendants misrepresented and concealed that (1) the Fund’s Chief Investment Officer manipulated variables going into valuation of significant Fund assets, (2) as a consequence, the Fund and its advisor would not be able … <\/p>\n

Continue reading “HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Infinity Q Diversified Alpha Fund (IQDAX; IQDNX) Investors with Losses to Contact Its Attorneys, Fund Halts Redemptions and Suspends Chief Investment Officer”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-447819","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nHAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Infinity Q Diversified Alpha Fund (IQDAX; IQDNX) Investors with Losses to Contact Its Attorneys, Fund Halts Redemptions and Suspends Chief Investment Officer - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-infinity-q-diversified-alpha-fund-iqdax-iqdnx-investors-with-losses-to-contact-its-attorneys-fund-halts-redemptions-and-suspends-chief-investmen\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Infinity Q Diversified Alpha Fund (IQDAX; IQDNX) Investors with Losses to Contact Its Attorneys, Fund Halts Redemptions and Suspends Chief Investment Officer - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SAN FRANCISCO, March 2, 2021 \/PRNewswire\/ —\u00a0Hagens Berman urges Infinity Q Diversified Alpha Fund (IQDAX; IQDNX) (the “Fund”) investors with significant losses to submit your losses now.\u00a0 A securities fraud class action has been filed after advisor Infinity Q Capital Management announced it is shutting down the Fund.\u00a0 Certain investors may have valuable claims. Class Period: Dec. 21, 2018 \u2013 Feb. 22, 2021Lead Plaintiff Deadline: Apr. 27, 2021Visit:\u00a0www.hbsslaw.com\/investor-fraud\/IQDAX\u00a0Contact An Attorney Now:\u00a0IQDAX@hbsslaw.com\u00a0844-916-0895 Infinity Q Diversified Alpha Fund (IQDAX; IQDNX) Securities Fraud Class Action: The complaint alleges defendants misrepresented and concealed that (1) the Fund’s Chief Investment Officer manipulated variables going into valuation of significant Fund assets, (2) as a consequence, the Fund and its advisor would not be able … Continue reading "HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Infinity Q Diversified Alpha Fund (IQDAX; IQDNX) Investors with Losses to Contact Its Attorneys, Fund Halts Redemptions and Suspends Chief Investment Officer"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-infinity-q-diversified-alpha-fund-iqdax-iqdnx-investors-with-losses-to-contact-its-attorneys-fund-halts-redemptions-and-suspends-chief-investmen\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-02T05:05:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/450112\/Hagens_Berman_Sobol_Shapiro_LLP_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-infinity-q-diversified-alpha-fund-iqdax-iqdnx-investors-with-losses-to-contact-its-attorneys-fund-halts-redemptions-and-suspends-chief-investmen\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-infinity-q-diversified-alpha-fund-iqdax-iqdnx-investors-with-losses-to-contact-its-attorneys-fund-halts-redemptions-and-suspends-chief-investmen\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Infinity Q Diversified Alpha Fund (IQDAX; 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Class Period: Dec. 21, 2018 \u2013 Feb. 22, 2021Lead Plaintiff Deadline: Apr. 27, 2021Visit:\u00a0www.hbsslaw.com\/investor-fraud\/IQDAX\u00a0Contact An Attorney Now:\u00a0IQDAX@hbsslaw.com\u00a0844-916-0895 Infinity Q Diversified Alpha Fund (IQDAX; IQDNX) Securities Fraud Class Action: The complaint alleges defendants misrepresented and concealed that (1) the Fund’s Chief Investment Officer manipulated variables going into valuation of significant Fund assets, (2) as a consequence, the Fund and its advisor would not be able … Continue reading \"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Infinity Q Diversified Alpha Fund (IQDAX; IQDNX) Investors with Losses to Contact Its Attorneys, Fund Halts Redemptions and Suspends Chief Investment Officer\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-infinity-q-diversified-alpha-fund-iqdax-iqdnx-investors-with-losses-to-contact-its-attorneys-fund-halts-redemptions-and-suspends-chief-investmen\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-02T05:05:31+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/450112\/Hagens_Berman_Sobol_Shapiro_LLP_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-infinity-q-diversified-alpha-fund-iqdax-iqdnx-investors-with-losses-to-contact-its-attorneys-fund-halts-redemptions-and-suspends-chief-investmen\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-infinity-q-diversified-alpha-fund-iqdax-iqdnx-investors-with-losses-to-contact-its-attorneys-fund-halts-redemptions-and-suspends-chief-investmen\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Infinity Q Diversified Alpha Fund (IQDAX; 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