Mutual Fund Lawsuits – Have you suffered losses?

Have you invested in mutual funds and suffered a loss? If so, such a loss is usually devastating to the average investor.

Few financial investors play around with mutual funds for the sport of it. Most of us do it out of desperation to fund our retirement, or as a means to send our kids to college. With traditional retirement plans now virtually a thing of the past, many people are now in the position of having to fund their own retirement.

Because we have our future on the line, when we lose, it’s more than just an annoyance. It’s a devastation.

So when you learn of the piles of money that some fund managers are continuing to make it becomes a real frustration.

According to Gordon Gibb of www.lawyersandsettlements.com, it was revealed in Alpha Magazine on March 25th that the 25 top hedge fund managers took home a combined $11.6 billion in 2008.

Mr. Gibb explains that while hedge funds are a different animal than mutual funds, many of the top managers who took home more than a billion dollars each did so because their funds did well in spite of the downturn in the economy.

For example, the manager of a fund who may have spotted the pending implosion of the housing and mortgage market and got out before the crisis happened, saved their investors from much pain. One can therefore forgive the savvy manager for such a lucrative payday. He earned it.

“The fact remains, however that despite the huge losses in the stock market over the last 18 months, it is widely held that fund managers continue to be well-paid as a group–an observation that appears to mirror the current executive compensation climate that has Americans up in arms right now,” writes Mr. Gibb. “The AIG fiasco has galvanized public opinion, and numerous executives who were contractually owed so-called bonus compensation forfeited the cash in the name of public decency.”

To learn more about mutual fund losses and what you can do from a legal standpoint visit the link on my bio page and search the related article.