Hedge Fund Manager Apologizes to Clients

This is painful. James Cordier, a hedge fund manager, apologizes to his clients for blowing up his fund. It’s believed he managed $150 million. He apparently lost it all on a wrong-headed bet on natural gas.

A Florida-based hedge fund manager is tearfully apologizing to his 290 clients after losing their money.

In a video made public earlier this week, James Cordier of Optionsellers.com blamed recent volatility in the oil and gas markets for wiping out his fund — and his clients’ savings.

“The events of this past week have been incredibly devastating for our clients — who I rarely call clients,” Cordier said in the 10-minute video, noting that he often refers to them as “family.”

Cordier — who is believed to have managed $150 million, according to a Bloomberg report — went on to address some of his 290 clients personally.

Here’s the chart of natural gas:

Posted by on November 20th, 2018 at 9:38 pm


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