SEC Administrative Proceeding file against former Chief Risk Officer of LJM Funds Management, Arjuna Ariathurai
WASHINGTON, DC (STL.News) The Securities and Exchange Commission has filed an Administrative Proceeding against Arjuna Ariathurai (File No. 3-20351) on May 27, 2021, Order Instituting Administrative Proceedings, pursuant to Section 8A of the Securities Act of 1933, Section 21C of the Securities Exchange Act of 1934, Sections 203(f) and 203(k) of the Investment Advisers Act of the Investment Company Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order.
Other Relevant Entities
LJM Funds Management, Ltd., an Illinois corporation based in Chicago, is registered with the Commodities Futures Trading Commission (“CFTC”) and National Futures Association (“NFA”). LJMFM was a registered investment adviser with the Commission until its registration was terminated on March 30, 2018. Before that termination, LJMFM was the investment adviser to the P&G Fund.
LJM Partners, Ltd., an Illinois corporation based in Chicago, is registered with the CFTC and NFA. LJM Partners was investment adviser to the Private Funds, which had a similar investment strategy as the P&G Fund. LJMFM and LJM Partners shared the same office space, officers, and employees and effectively operated as one entity.
LJM Preservation and Growth Fund was a series of Two Roads Shared Trust(“Two Roads”), an open-end management investment company consisting of approximately 17 series of mutual funds. The P&G Fund commenced operations in January 2013. On February 7, 2018, the fund was closed to new investments and liquidated by the end of March 2018.
The Private Funds included, but were not limited to, LJM Investment Fund LP, LJM Preservation & Growth Fund, LP, LJMAggressive Fund LP, LJM Fund, LP, LJM Master Trading Fund, LP, LJM Partners Insurance Fund, PFC-LJM Fund LP, and PFC-LJM Preservation & Growth Fund, LP.
Articles related to the LJM Funds Management case: