A hedge fund manager who lost hundreds of millions of dollars of clients’ money has gone viral for a tearful apology video.

A hedge fund manager who lost hundreds of millions of dollars of clients’ money has recorded a tearful video apologising and likening the losses to a “rogue wave” capsizing a boat.

OptionSellers.com founder James Cordier posted the video on Friday after wild fluctuations in oil and natural gas prices effectively wiped out his firm, which specialised in the highly risky investment strategy of selling “naked” options. Read more here.