Star Trader? But... don't you need to blow up at least two hedge funds for that kind of status?
Come on now, Brian Hunter not just brew up Amaranth, but also came close to doing so with his former employer as well (which got him fired). And let's not forget, he also caused one of his opponents to blow up their account as well by causing a hell of a margin sqeeze also with gas commodities. That almost counts as three funds right there!
Niederhoffer managed to blow up BOTH his very own hedge funds separated years apart by shorting PUT options which finally caught up to him. At least he gave a discount to his first-time victims by allowing them to deposit into his 2nd go-around fund before blowing them up again! It's all good though, you see, he gave them a discount on his fees for that second one.
Oh wait, James Cordier gets a special mention here too. Not just for blowing up his fund with short-strangles, but the fact that after losing the clients' money, they were STILL personally liable for more debt to pay up to the clearing houses. You see, they lost MORE money than they had actually invested. That feat alone should count as TWO hedge funds blown up, not just one.
Come on now, Brian Hunter not just brew up Amaranth, but also came close to doing so with his former employer as well (which got him fired). And let's not forget, he also caused one of his opponents to blow up their account as well by causing a hell of a margin sqeeze also with gas commodities. That almost counts as three funds right there!
Niederhoffer managed to blow up BOTH his very own hedge funds separated years apart by shorting PUT options which finally caught up to him. At least he gave a discount to his first-time victims by allowing them to deposit into his 2nd go-around fund before blowing them up again! It's all good though, you see, he gave them a discount on his fees for that second one.
Oh wait, James Cordier gets a special mention here too. Not just for blowing up his fund with short-strangles, but the fact that after losing the clients' money, they were STILL personally liable for more debt to pay up to the clearing houses. You see, they lost MORE money than they had actually invested. That feat alone should count as TWO hedge funds blown up, not just one.
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