Maverick Capital, the long/short equity hedge fund founded by Tiger Cub Lee Ainslie, enjoyed the "strongest quarter in our history," according to its first-quarter letter.
Q1 2021 hedge fund letters, conferences and more
The letter, which ValueWalk has been able to review, revealed that the firm's flagship strategy, the long/short Maverick Fund, returned 49.9% for the quarter to the end of March 2021.
The performance of one particular investment was responsible for the majority of the fund's positive performance in the quarter.
Maverick and Coupang History
Maverick first invested in South Korean e-commerce company Coupang in March of 2011, shortly after the business was set up by its founder, Bom Kim. It has...
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