A video that surfaced shows a hedge fund manager named James Cordier tearfully telling all his clients that he lost their money.
Cordier starts the video off by speaking directly to his clients and letting them know he lost their money. One estimate of the loss allegedly came out to about $150 million.
During the video, Cordier shifted the blame for the loss to a “rogue wave” that occurred in the natural gas market.
Cordier equated his management skills to a capsizing boat, saying “I am so sorry for not managing our ship and keeping her afloat.”
Watch above.
Source: ca.finance.yahoo.com
