Maverick Capital, a $10.5 billion hedge fund, is betting big that the smartphone market has ‘hit a tipping point’
|02/12/2018||Posted by BusinessMediaguide.Com under General World News||
- Maverick Capital, a $10.5 billion hedge fund run by Lee Ainslie, is betting against companies that will be hurt by the maturation of the smartphone market.
- The bet is the firm’s largest collective short position, according to a year-end letter dated January 30.
“The last ten years represented the glory days of the smartphone revolution; however, we believe the next ten years will be very different,” the letter said.
Maverick Capital, the $10.5 billion hedge fund run by Lee Ainslie, is betting big against the smartphone market.
The firm said in a January 30 letter to investors that its largest collective read more >>>