Lee Ainslie Adds 20% In 2019; Warns Of Dangerous Market Levels A La 1999

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% annualized since inception in January 2015. For more up-to-date hedge fund content, and exclusive access to value-focused hedge fund managers, check out Hidden Value Stocks. The firm’s flagship fund, Maverick USA,…