Maverick Capital Bucks Trend, Scores Returns And Issues Warning

Maverick Capital likes the second half of 2016 – and the firm’s leveraged fund benefited most during the period. The Maverick Levered fund was up 5.4% in the second quarter, according to a letter to investors viewed by ValueWalk.  The Long Enhanced and Long programs also benefited during otherwise back and forth stock market period while the Select program was down slightly. Also see top hedge fund letters Maverick up second quarter, generally near flat for the year The brain-power behind Maverick’s long / short approach is Lee Ainslie III, the former “Tiger Cub” and University of Virgina alumni who cut…