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Maverick Capital, a $10.5 billion hedge fund, is struggling to make money





Lee Ainslie

  • 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 >>>

Source:: BusinessInsider.Com

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