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Manager 'truly sorry' for blowing up hedge fund
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Manager 'truly sorry' for blowing up hedge fund

  #1 (permalink)
Elite Member
Raleigh NC/USA
 
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Manager 'truly sorry' for blowing up hedge fund

Manager 'truly sorry' for blowing up hedge fund


Quoting 
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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  #2 (permalink)
Trading Apprentice
MSP MN
 
Futures Experience: Intermediate
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Favorite Futures: ES
 
Posts: 11 since Dec 2014
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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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