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.
Several years later, Charles Ledley and Jamie Mai were profiled in Michael Lewis’ book exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
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