(Bloomberg) Maverick Capital’s main hedge fund lost 6.8 percent this year through Oct. 7 as its bets against technology stocks soured, according to a person with knowledge of the matter.
The $11 billion firm, run by Lee Ainslie, told investors last week that bearish bets on technology stocks hurt during the third quarter, said the person, who asked not to be identified because the information isn’t public. A few unexpected takeovers of companies Maverick had wagered against also contributed to the loss, including Arm Holdings Plc, which was bought by SoftBank Group Corp. on Sept 6.
