Hedge Funds Discover Actual "Hedging," Beat MarketsMark Melin
Maverick Capital, after instituting a quantitative risk management program created in 2011, is a Texas-based hedge fund that has a big hat with the cattle to boot. With stock market beating returns since implementing the program, the $10 billion fund and its New York-based founder and managing partner, Lee S. Ainslie III, have realized that being titled a hedge fund might imply that some actual hedging was taking place. The move by Maverick to embrace strong risk management is not an isolated incident, as . . .
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