Lee Ainslie Adds 20% In 2019; Warns Of Dangerous Market Levels A La 1999Rupert Hargreaves
Lee Ainslie's Maverick USA fund, ended 2019 with a gain of 19.8% for investors according to a copy of the firm's 2019 performance tear sheet and letter, which ValueWalk has been able to review.
The Maverick Levered and Long Enhanced Strategies returned 33.2% and 45.6%, respectively. The S&P 500 added 31.5% in 2019.
Meanwhile, Maverick's quantitative fund, MFQ, struggled. It lost -1.6% for investors last year and returned just 4 . . .
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