Charles Ledley and Jamie Mai started Cornwall Capital in a shed in Berkeley, California, and went on to make millions by making small bets against the housing market. Ledley and Mai were relative newbies to the game of Wall Street but were able to transform a $15 million investment into $120 million by counting on the failure of subprime mortgages.
Leadley left Cornwall Capital in 2009 and joined Highfields Capital Management in 2010. Highfields Capital Management is based in Boston and is described on its website as "a value-oriented investment management firm which manages private investment funds for endowments, charitable and philanthropic foundations, pension funds and other institutional and private investors."
Both Ledley and Mai are listed as members of the Board of Directors for The Tobin Project, a kind of think tank that focuses on academic research.more » « less