Manager 'truly sorry' for blowing up hedge fund

January 21st, 2015, 02:59 PM

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".

May 28th, 2015, 11:01 AM

Poor guy. Perhaps he can take his last paycheck and buy an online course in catastrophic stop orders.

Manager 'truly sorry' for blowing up hedge fund

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Manager 'truly sorry' for blowing up hedge fund