Exclusive: Lee Ainslie Struggled During The Third Quarter As Tech Holdings Fell

Lee Ainslie’s Maverick Capital had a difficult third quarter, although many hedge funds did. The quarter ended with the S&P 500’s worst month since the beginning of the COVID pandemic. Q3 2021 hedge fund letters, conferences and more Maverick fund returns Maverick USA was down 11.6% for the third quarter, bringing its year-to-date return to 16.5%, while the Maverick Levered fund was down 14.9% for a year-to-date return of 27.1%. The Maverick Long Enhanced fund was down 0.1%, which brought its year-to-date return to 9.7%, and the Maverick Long fund was down 1.6% for the third quarter, bringing its year-to-date…