If you are an investor in the Colony Investments VIII Fund, and wish to have the investment reviewed or discuss your legal rights, you may, without obligation or cost to you by calling (212) 742-1414.
New York, NY (Law Firm Newswire) March 19, 2014 — Zamansky LLC announces that it is investigating the Colony Investments VIII LP (“Colony Investments VIII”) over alleged losses as high as 60%. Colony Investments VIII is a private fund that was launched in 2007 by Colony Capital LLC, which manages billions of dollars of investor money in approximately 16 funds. Colony Capital was founded in 1991, and now has 11 offices internationally and approximately 400 employees.
The investigation concerns losses incurred by Colony Investments VIII. Bloomberg News reported that Colony Investments VIII suffered a 60% loss, and cited several failed real estate developments. The failures included an $8.5 billion buyout of Station Casinos Inc. which at the time was the largest gaming company to go bankrupt, and the $2 billion Meadowlands Xanadu retail and entertainment complex project.
According to securities fraud attorney Jake Zamansky, “private investments like Colony Investments VIII are high risk and speculative investments that are not suitable for all investors.” Private investments like Colony Investments VIII also lack transparency so that investors may not realize exactly how much risk management is taking with their money, Zamansky states.
As a result, Colony Investments VIII is the type of investment that can lose 60% or more quickly, and investors can be wiped out before they realize that they might not be getting full or accurate disclosure of the risk, he states. Zamansky believes that investors in Colony Investments VIII should have their investment reviewed by a professional to see whether it was appropriately managed and suitable for them.
What Investors Can Do
If you are an investor in the Colony Investments VIII Fund, and wish to have the investment reviewed or discuss your legal rights, you may, without obligation or cost to you, email Jake@Zamansky.com or call the law firm at (212) 742-1414.
About Zamansky LLC
Zamansky LLC is a leading stock law firm specializing in securities class actions and stock broker litigation and securities arbitration. We are stock 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.
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