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Zamansky LLC Investigates Collapse of the Canarsie Capital Hedge Fund

October 6, 2013 Investigations

Zamansky LLC announces Canarsie Capital LLC over the collapse of its $60 million hedge fund managed by Kenneth deRegt and Owen Li.

According to recent news, the $60 million Canarsie hedge fund collapsed within three weeks to $200,000. Reportedly, in his letter to investors dated Jan. 20, Mr. Li said the fund’s losses happened after “I engaged in a series of aggressive transactions over the last three weeks that—generally speaking—involved options with strike prices pegged to the broader market increasing in value, but also involved some direct positions.” In his letter, Mr. Li didn’t elaborate on the soured trades. He wrote later on in the letter, “I acted overzealously.”

This firm is investigating the collapse of the Canarsie Capital hedge fund for possible breaches of duties owed to investors in its trading activities and its risk controls.

If you were an investor in the Canarsie Capital hedge fund and suffered a loss from its collapse, please contact our firm for an evaluation of your rights. You can contact Jake Zamansky by telephone at (212) 742-1414 or by email at jake@zamansky.com.