“Ummmm… honey, I had a little fender bender with the car…” was the line that a spouse might deliver after totaling the prized antique sports car.
A similar situation recently unfolded with Canarsie Capital in New York. Facing apparent significant losses, Canarsie’s founder, Owen Li, told his investors he was “truly sorry” for losing all their money. Li apparently ran through nearly $100 million in investor capital from late March 2014 until today, according to a CNBC report from Lawrence Delevingne.
Hedge Fund Manager losses nearly $100 million of investor funds
The fund currently has $200,000 to its name and phone calls are not being answered. Funny how losing nearly $100 million of investor funds is sometimes correlated...
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