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Sep 6, 2019 · In 2003, Charlie Ledley and Jamie Mai, at the tender age of 30 formed Cornwall Capital Management (the firm has produced an average annual compounded net return of 40% – 52% gross), opening a Charles Schwab account with an initial investment of $110,000.
Charlie Ledley, a former private equity colleague, joined the firm shortly thereafter. In 2005, Ben Hockett joined as head trader, bringing extensive knowledge of capital markets, derivatives, and fixed income trading. [1] Cornwall Capital was one of a few investors who saw and shorted the subprime mortgage crisis market before its 2007 collapse.
May 18, 2021 · Charles Ledley, also known as Jamie in the film, was one of the real-life protagonists who bet against the housing market and made millions. He left Cornwall Capital in 2009 and joined Highfields Capital Management in Boston.
Charles H. Ledley. HIGHFIELDS CAPITAL MANAGEMENT. Charles H. Ledley is an Analyst at Highfields Capital Management. He joined Highfields in May 2010 and serves as a generalist focused on special situations.
- Charlie Ledley and Jamie Mai: Garage Band Hedge Fund
- Charlie Ledley and Jamie Mai: Getting in The Door
- Shorting with A Twist
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Charlie Ledley and Jamie Mai weren’t career Wall Street guys. They barely had careers at all. Starting their fledgling money management fund, Cornwall Capital Management, with just $110,000 in a Schwab account, they were the sort of bit players that couldn’t even get a phone call returned at Goldman or Merrill. Charlie Ledley and Jamie Mai were scr...
This strategy paid off handsomely for Charlie Ledley and Jamie Mai. The market for stock options was wildly inefficient. If some external event would cause a stock to be worth either $100 or $0 within a year, it was irrational for an option to buy the stock at $50 to be priced as low as $3. But the market was littered with opportunities like this. ...
When Charlie Ledley, Jamie Mai, and Hockett heard Lippmann’s pitch, they recognized credit default swaps as just another type of option, the kind they’d been trading in for years. The market had fantastically underpriced the probability of an extreme event—in this case, the subprime world going up in flames. By October 2006, the doomsday scenario a...
Charlie Ledley and Jamie Mai are the founders of Cornwall Capital, a New York City investment corporation that shorted the housing market before the 2008 financial crisis. They started with $110,000 in a Schwab account and exploited the inefficiencies and irrationalities of the financial markets.
Dec 18, 2021 · Starting their fledgling money management fund, Cornwall Capital, Jamie Mai and Charley Ledley were the sort of bit players that couldn’t even get a phone call returned at Goldman or Merrill. They were scrappers, a “garage band hedge fund.”
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Jul 6, 2016 · 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.
