Cornwall Capital: The Patient Fat Tail ApproachRupert Hargreaves
Cornwall Capital: The Patient Fat Tail Approach
Before 2008, few in the financial world had heard of Charles Ledley and Jamie Mai’s Cornwall Capital. Then in 2008 and 2009, Cornwall shot to fame when the hedge fund’s managers turned a $15 million investment into $120 million by betting on the failure of the subprime mortgage market. The hedge fund returned a whopping 297.7 percent in 2007.
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