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Manager 'truly sorry' for blowing up hedge fund
Started:January 21st, 2015 (02:59 PM) by swinger Views / Replies:500 / 1
Last Reply:May 28th, 2015 (11:01 AM) Attachments:0

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Manager 'truly sorry' for blowing up hedge fund

Old January 21st, 2015, 02:59 PM   #1 (permalink)
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Manager 'truly sorry' for blowing up hedge fund

Manager 'truly sorry' for blowing up hedge fund

A hedge fund manager told clients he is "truly sorry" for losing virtually all their money.

Owen Li, the founder of Canarsie Capital in New York, said Tuesday he had lost all but $200,000 of the firm's capital—down from the roughly $100 million it ran as of late March.

He lost 99.8% of investors' money, but he's "truly sorry" and "takes responsibility".

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Old May 28th, 2015, 11:01 AM   #2 (permalink)
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Poor guy. Perhaps he can take his last paycheck and buy an online course in catastrophic stop orders.

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