Maverick’s Short Bets Misfire, Eating Into Main Fund Gains

(Bloomberg) The $10 billion firm, run by industry titan Lee Ainslie, is getting hit hard by wagers against three stocks, each of which has gained more than 60 percent since April… The positions make up 11 percent of Maverick’s main fund — a sizable exposure for the stock picker. The bets have dragged down the fund’s performance by 5 percentage points…

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