Seeking Alpha – Continuing our series of hedge fund profiles and biographies, we turn our attention now to Lee Ainslie of Maverick Capital. We thought this transition was appropriate given how we just yesterday initiated our profile series with coverage of hedge fund legend Julian Robertson of Tiger Management. (We also covered Robertson’s big inflation bet as well). We turn to Lee Ainslie of Maverick Capital now because Ainslie formerly worked under Julian at Tiger. As such, he is a ‘Tiger Cub’ and employs much of the investment methodologies he learned while at Tiger as their technology analyst.

Ainslie graduated from the University of Virginia and then received his MBA from the University of North Carolina. He founded Maverick Capital at age 29 in 1993 with $38 million in seed capital from Texas entrepreneur Sam Wyly. Maverick has offices both in Dallas and New York and now managers well over $5 billion. They are a long/short equity hedge fund in the ‘old school’ sense of the word.

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Tags: bet, equity hedge, fund profiles, hedge fund, inflation, julian robertson, lee ainslie, long short equity, maverick capital, methodologies, old school, profile series, sam wyly, seed capital, seeking alpha, technology analyst, tiger management, tiger-cub, university of north carolina, university of virginia

Forbes – The investment office of the Guinness family, which made its fortune in brewing, has taken a stake in 47 Degrees North and will back future fund launches, the fund of hedge funds firm said on Monday.

Under the deal, Iveagh will be a minority shareholder in 47 Degrees North and provide seed capital for new launches, which are set to include emerging managers and innovative hedge fund strategies, the hedge fund firm said in a statement. It did not give the size of the stake.

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Tags: forbes, fortune, fund-of-hedge-funds, future fund, guinness family, hedge fund strategies, investment office, iveagh, minority-shareholder, new launches, seed capital, stake