Cornwall Capital Management LP (New York)

Name: Cornwall Capital Management LP
Address: 570 Lexington Avenue, New York, NY, 10022
Telephone: 646-502-8980

Cornwall Capital Management LP is a large advisory firm based in New York. It manages $317.3 million of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of California.

Cornwall Capital Management provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Cornwall Capital Management: assets under management

The assets under management (AUM) of Cornwall Capital Management LP is $317.3 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -8% since the beginning of its operation, and $92.7 million of the total AUM is attributable to clients outside of the United States.

The firm manages $317.3 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $45.33 million each.

Cornwall Capital Management has custody of $205.89 million in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cornwall Capital Management LP for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Cornwall Capital Management serves?

The only and largest group of clients of Cornwall Capital Management is pooled investment vehicles with 7 clients and $317.3 million of assets under management. Among the 10 most similar advisory firms, Cornwall Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $317.3 million for 7 clients. 71% of the firm’s clients are foreign persons or businesses.

Cornwall Capital Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $10,000,000.

Careers at Cornwall Capital Management LP

The company employs 11 people that are either part- or full-time employees. 64 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Cmgp Llc	General partner	1 Nov 2010	75% - 100%	27-4473112
Ian David Haft	Chief operating officer / chief compliance officer / principal	1 Nov 2010	Other	2641854
J C De Swaan	Principal / head of marketing	1 Feb 2011	Other	6028619
Jon Richard Bergen	Chief financial officer / principal	1 Nov 2011	Other	2906595
Robert B Hockett	Head trader / chief risk officer / principal	1 Aug 2012	Other	2873109

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
James A Mai	Managing member	1 Nov 2010	75% - 100%	5509569

Based in New York

The principal office where Cornwall Capital Management LP performs its advisory services is located at 570 Lexington Avenue, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Berkeley, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 646-502-8980 or by fax 212-918-7938. The normal business hours are 9 am - 6 pm on Monday - Friday. You can find more information about the New York firm at cornwallcapital.com.