Maverick Capital has a weak fourth quarter but a strong 2021, and Coupang was the primary driver of those results. In their fourth-quarter letter to investors, which was obtained by ValueWalk, Lee Ainslie and his team said Coupang’s successful initial public offering in 2021 dramatically benefited Maverick’s returns. Q4 2021 hedge fund letters, conferences and more Excluding the South Korean e-commerce giant, the fund’s portfolio generated a return on assets of 14.3% in 2021, resulting in negative alpha of -10.9% against the team’s blend of the S&P 500 and MS World Indices. Coupang remains a dominant position in Maverick’s portfolio,…
Lee Ainslie’s Maverick Capital Won With Coupang In 2021 [Exclusive]
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.