Hedge Fund News From HedgeCo.Net

Ainslie’s Maverick Cap backfires in August

Reuters – Maverick Capital’s Lee Ainslie took a bath last month when his flagship hedge fund racked up a double-digit loss, pushing it solidly into the red for the year, said two people familiar with the results.

A smaller more aggressive portfolio performed even worse, losing 23 percent in August, these people said.

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