Totally inadequate education about risks for about 1,900 investors, who have invested a total of about 65 million in the Fund, would be a loss of around 40% of the capital invested after a sale of the platform provider. In the Fund’s prospectus an approximate doubling of their money used in Vista had stopped them. Against the background of the looming concrete substantial capital losses investors should consider seriously the enforcement of claims for damages in the eye the chances for this are. Of HCI shipping select 26 ship Fund launched in February 2008 by the listed issuer HCI probably goes to its end. The investors, who can expect substantial losses remain once again on the line. (Source: Angus King ).
After beginning February 2012 the belonging to the Fund product tanker “Hellespont Centurion”, “Hellespont Challenger”, “Hellespont Charger” and “Hellespont chieftain”, which sailed to the Hellespont shipping group, insolvency had to make the now remaining ships of the Fund will be sold. How Investors communicated was that there would be a very attractive offer for the four platform supply vessels. The market for platform provider is affected by the global shipping market crisis not in the same way as the other submarkets containers, bulk carriers or tankers. A loss of around 40% of the invested capital would remain for about 1,900 investors, who have invested a total of about 65 million in the Fund, after a sale of the platform provider. In the Fund’s prospectus an approximate doubling of their money used in Vista had stopped them. Compensation for investors of HCI funds shipping select 26 before the background of the considerable capital losses looming specifically should investors who seriously believe enforcement of claims for damages in the eye – the chances for this are not bad. Totally inadequate education about risks from conversations with numerous investors, we know that this about the risks, that is have carried out in the current crisis of the Fund by their advisors prior to the drawing of Funds were not informed.