Zamansky LLC Investigates BlackGold Opportunity Fund LLC and BlackGold Opportunity Offshore Fund LLC, the KKR-Backed Energy Hedge Funds
Apr 3, 2015
New York, NY (Law Firm Newswire) April 2, 2015 – Zamansky LLC announces that it is investigating the BlackGold Opportunity Fund LLC and BlackGold Opportunity Offshore Fund LLC (the “BlackGold Funds”), over large losses reported to investors. The BlackGold Funds are the $2 billion hedge funds managed by KKR-owned BlackGold Capital Management, Inc.
The investigation concerns the April 2, 2015, report by Bloomberg News that auditors increased the losses reported to BlackGold Funds investors from 6% to 17%. The increase was the result of differences in the valuation of energy bonds held by the BlackGold Funds. These losses came weeks after investors were advised by the Funds’ manager that they were pleased with the results, reported Bloomberg News.
According to Jacob Zamansky, investment fraud attorney, the BlackGold Funds’ revisions raise serious issues about its overall control and management of risk. During the 2008 financial crisis, valuation risk played a huge role in causing losses to investors, Zamansky believes. Any investor concerned about their investment in the BlackGold Funds, should have it reviewed by a professional.
What Investors Can Do
If you are an investor in the BlackGold Funds, and wish to have your investment reviewed or to discuss your legal rights, you may, without obligation or cost to you, email jake(at)zamansky(dot)com or call the law firm at (212) 742-1414.
About Zamansky LLC
Zamansky LLC is a leading investment fraud law firm specializing in securities, hedge fund and ERISA class action litigation, and FINRA securities arbitration. We are investment fraud attorneys who represent both individual and institutional investors. Our practice is nationally recognized for our ability to aggressively prosecute cases and recover investment losses.
To learn more about Zamansky LLC, please visit our website, http://www.zamansky.com.
Zamansky LLC
50 Broadway – 32nd Floor
New York, NY 10004
Jake Zamansky, 212-742-1414
jake(at)zamansky(dot)com
