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      11-21-2018, 03:04 PM   #1
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Fund manager confesses he lost all his clients' money

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..."

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      11-21-2018, 07:25 PM   #2
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Maybe he can get it all back when he invests in cryptocurrency. The market is way down low so it's a great time to get in.
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      11-21-2018, 08:19 PM   #3
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Maybe if he gets enough likes, comments and follows he can recoup some of that?
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      11-21-2018, 08:28 PM   #4
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lol bitccccooooooneeeeeecttttttt...


hey btc at great discounts!
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      11-23-2018, 09:22 AM   #5
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Another prime example that eventually markets return to normal state. It all works until it doesn't: short VIX, naked options, zero interest rates, some index ETFs...

Pigs Get Fat, Hogs Get Slaughtered!
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      11-23-2018, 10:15 AM   #6
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Back story.

https://www.bloomberg.com/news/artic...-naked-options
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      11-23-2018, 10:29 AM   #7
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swimming naked and the tide went out. i'll stick to real estate. adios
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      11-27-2018, 12:54 PM   #8
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If something is worth doing, it's worth doing yourself. That way you have no one else to blame! I would take solace in knowing I lost all my own money compared to trusting my money with some a-hole who lost it all.
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      11-28-2018, 10:32 AM   #9
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Originally Posted by roastbeef View Post
swimming naked and the tide went out. i'll stick to real estate. adios
Given the recent slowdown, I'm sure there are deals to be had.
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