Maverick Capital, a $10.5 billion hedge fund, is struggling to make money
|08/12/2017||Posted by BusinessMediaguide.Com under General World News||
- Dallas-based Maverick Capital’s flagship hedge fund hasn’t made money in the first half of this year.
- Chief Lee Ainslie blames his short book.
- Ainslie says investors are confusing secular trends with cyclical ones.
- “We are seeing the beginnings of the perfect storm,” he wrote.
Lee Ainslie’s Maverick Capital is having a tough year.
The firm’s flagship Maverick Fund USA made no money in the first half of 2017, according to a client letter reviewed by Business Insider. The S&P 500, which the fund compares itself to, rose 9.3% over the same period.
Dallas-based Maverick, which manages about $10.5 billion firmwide, primarily blamed its short book — read more >>>