Leaving money on the table?
Out of the circa $41BN funds available to institutional Investment Managers and Funds some $21BN has been claimed which has left $20BN unclaimed by eligible Investment Managers and Funds with these monies, in turn, being reallocated to other investors who did actually file a claim. If non-participation rates seen in U.S Securities Class Actions are experienced in non-U.S activity, $2BN of investors’ rightful returns will be ‘left on the table’ unclaimed or re-allocated to ‘other’ filing investors each year from the end of the decade. This amount could be even greater, as non-U.S Securities Class Actions are likely to have higher non-participation rates.