As Ainslie Bemoans 2016 As One Of Worst Ever, Maverick Looks To Retail Shorts For Alpha

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Mark Melin
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Hedge fund manager Tiger Cub Lee Ainslie, with $11 billion under management, was expecting a volatile 2016. In February 2016 he wrote to investors that “offense sells tickets, but defense wins championships.” Nearly one year later, Ainslie, who missed cashing in on the “Trump rally,” continues to scratch his head as he eyes double digit losses in two of his funds. While he took losses, a market turnaround is likely, he advocates, as he proclaims a high degree of confidence in his portfolio positioning, according to a letter to investors reviewed by ValueWalk. Ainslie says Maverick had its one of…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.