 | |
| Company type | Private company |
|---|---|
| Industry | Investment |
| Founded | 2003 |
| Founder | Jamie Mai[1] |
| Headquarters | , |
Area served | Global |
Key people | Ben Hockett, Partner JC de Swaan, Partner Ian Haft, Partner |
| Website | cornwallcapital |
Cornwall Capital is a New York City-based private financial investment corporation. It is best known as one of the few investors to foresee and profit from the subprime mortgage crisis of 2007, as described in the book The Big Short by Michael Lewis.[2]
Cornwall seeks highly asymmetric investments, in which the potential profit greatly exceeds potential loss. Its strategies including benefiting from market inefficiencies to thematic fundamental trades. From 2003 to 2012, the firm produced an average annual compounded net return of 40 percent (52 percent gross).[1]
- ^ a b c Schwager, Jack D. (2012). Hedge Fund Market Wizards. John Wiley & Sons. ISBN 978-1-118-27304-3.
- ^ Lewis, Michael (2010). The Big Short. W. W. Norton. ISBN 978-0-393-07223-5.