Owen Li is the founder of hedge fund Canarsie Capital, which grew to some $100 million.

His job got a lot less complicated after he lost all but $200,000 of it.

But Li did send investors a letter saying he was “truly sorry” for acting “overzealously,” according to CNBC.

Li is a former trader at Raj Rajaratnam’s Galleon Group, which folded amid insider trading charges.