Overview
Cornwall Capital Management LP (“Cornwall”) was formed in 2010 by James Mai, Principal and
Chief Investment Officer, and is owned by Mr. Mai.
Cornwall currently provides discretionary investment management services to five private pooled
investment vehicles (“Private Funds” or individually, a “Fund”), organized in one “master-feeder”
structures. The “Master-Feeder” includes one onshore Delaware limited partnerships, which
invest directly in a Cayman Islands master limited partnership (the “Master Fund”,) an offshore
Cayman Islands exempted company, which invests in the Master Fund through an offshore
Cayman Islands limited partnership and an offshore Cayman Island exempted limited partnership
that invests directly in the Master Fund.
In connection with providing these investment management services, Cornwall has been appointed
as investment adviser, and an affiliate, Cornwall GP, LLC (the “General Partner”), serves as the
general partner of the feeder funds and the Master Fund.
Cornwall’s investment
objective for the Master-Feeder is to generate attractive risk-adjusted
absolute returns over a long-term horizon, with low market correlation. Cornwall’s investment
process identifies market inefficiencies across all asset classes by applying a value-oriented
approach to global macro and special situation strategies. Cornwall may trade across all asset
classes, market sectors, geographies and security types. Asset classes include, but are not limited
to, equities, currencies, commodities, fixed income instruments and derivatives on each of the
above.
In providing advisory services, Cornwall directs and manages the investment and reinvestment of
each Fund’s assets according to the investment objectives and guidelines set forth in each Fund’s
respective offering documents. Investment advice is provided directly to the Private Funds, which
are Cornwall’s clients, and not individually to the investors of the Private Funds.
As of January 1, 2024, Cornwall managed approximately $143,392,000 on a discretionary basis.