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Wiped-out hedge fund manager confesses he lost all his clients' money in emotional video on YouTube

It looks like the hedge-fund equivalent of a hostage video.

James Cordier, in a dark suit, cuff links and expensive-looking watch, sits in a brown leather chair and stares into a camera, his hands folded in front of him.

Then he delivers the bad news.

His voice near-breaking at times, the hedge fund manager employs nautical terms to tell his clients in a roundabout way that he's lost all of their money — in the neighbourhood of US$150 million, according to one estimate.

Favourite part: "every morning when I woke up, and checked on the markets, sipping a glass of wine..."