If you’ve invested in the Goldman Sachs MLP & Energy Renaissance Fund (NYSE: GER), then it may interest you to know that the fund is down over 80% and now has reduced leverage amid the ongoing commodity volatility.
Haselkorn & Thibaut can help investors who may have suffered losses by investing with financial advisors in the Goldman Sachs MLP and Energy Renaissance Fund. If you’ve experienced such losses, the get in touch with our firm for a free consultation to review your options to recover losses through FINRA arbitration. Read more – Can I sue my financial advisor?
This is closed-end master limited partnership (MLP). The fund operates to deliver impressive returns with a focus on current distributions to shareholders. The GER’s investments are primarily in MLPs, and of these, the significant portion is related to mid-level infrastructure for oil and gas extraction.
As a response to the upheavals in the market, the portfolio management team of the GER stock MLP has taken a call to eliminate the net leverage of the fund. This move, along with market volatility, has had a strong negative impact on the net asset value of the fund.
MLPs are risky and complex investments, and if broker-dealers recommend these to unsuitable investors, then they are liable for FINRA claims. Haselkorn & Thibaut is investigating the forced recommendations by brokerage firms that may have resulted in losses for investors who put in their money in high-risk mutual funds that consist chiefly of MLPs.
Unscrupulous financial advisors in the pursuit of yield may have recommended the Goldman Sachs MLP and Energy Renaissance Fund. Not only do investors have to face a fall in dividends but also a slashed stock price, leading to severe loss.
If your investment portfolio had more than a reasonable share of MLPs and mutual funds that invest in MLPs, then you have a possible chance to recoup losses through FINRA arbitration. Financial advisors must recommend investments to ensure a diverse portfolio for their clients. Factors that these institutions are expected to consider include the net worth, age, and investment experience of the prospective investor.
An over-concentration of any one type of share should be avoided, more so when the shares relate to volatile sectors such as oil.
InvestmentFraudLawyers.com has represented investors all over the U.S in FINRA arbitration claims against brokerage firms. The company is an experienced securities arbitration, securities fraud, and investor protection law firm with offices in Florida, NY, NC, and AZ.