Wiped-out US hedge fund manager confesses his losses on YouTube

A US-based hedge fund manager has apologised for losing all his clients' money in a 10-minute YouTube video. James Cordier, who reportedly managed around $150 million, said the recent volatility in the natural gas market "likely cost me my hedge fund". He said he had failed to "steer your investment like a boat" and was unable to keep "her afloat".