Lee Ainslie's Maverick Capital gained 5.6% for the quarter to the end of September, according to a copy of its latest investor update, which ValueWalk has been able to review.
Following this performance, the flagship investment fund was up 8% for the year to the end of September. In comparison, the S&P 500 returned 5.6% over the same period.
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The long-short equity fund has staged an impressive recovery over the past six months. Maverick reportedly suffered substantial losses in the March market sell-off. However, the firm was able to use this decline to increase the holdings of its favorite...
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