Lee Ainslie’s Maverick Records Its Second-worst Quarter Ever In Q1 [Exclusive]

Lee Ainslie’s Maverick Capital had its second-worst quarter ever during the first three months of the year, losing 22.9%, compared to the S&P 500’s -4.6% return and the MS World’s -5.2% return. Maverick’s Levered strategy returned -37.4%, while its Long strategy was down 11.1%, and its Long Enhanced strategy lost 13.8%. Maverick’s annualized return is 11.2%, compared to the S&P’s 10.7% annualized return and the MS World’s 8% annualized return. Q1 2022 hedge fund letters, conferences and more From The Best To The Second-Worst Quarter In his first-quarter letter to investors, which was obtained by ValueWalk, Ainslie reminded them that…