Maverick Capital, after instituting a quantitative risk management program created in 2011, is a Texas-based hedge fund that has a big hat with the cattle to boot. With stock market beating returns since implementing the program, the $10 billion fund and its New York-based founder and managing partner, Lee S. Ainslie III, have realized that being titled a hedge fund might imply that some actual hedging was taking place. The move by Maverick to embrace strong risk management is not an isolated incident, as Dan Loeb’s Third Point hedge fund recently embraced a risk management regime that includes selling stocks short…
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- Hedging - The risk hedge, once laughed at, is now becoming in vogue as a bumpy market environment could lie ahead
- Maverick Capital combines fundamental and quantitative skills to develop multi-use risk management platform
- Loeb: Environment for short selling attractive as long / short ratio comes into balance
