As Ainslie Bemoans 2016 As One Of Worst Ever, Maverick Looks To Retail Shorts For Alpha

Hedge fund manager Tiger Cub Lee Ainslie, with $11 billion under management, was expecting a volatile 2016. In February 2016 he wrote to investors that “offense sells tickets, but defense wins championships.” Nearly one year later, Ainslie, who missed cashing in on the “Trump rally,” continues to scratch his head as he eyes double digit losses in two of his funds. While he took losses, a market turnaround is likely, he advocates, as he proclaims a high degree of confidence in his portfolio positioning, according to a letter to investors reviewed by ValueWalk.

Ainslie says Maverick had its one of the worst years in our history

“By almost any measure, 2016 was...