Maverick Capital’s flagship hedge fund lost 25.5% last year as its bets on expensive consumer discretionary and tech stocks backfired. However, the hedge fund performed better than some of its peers, such as Tiger Global Management, which lost 56%, and Whale Rock Capital Management, which ended the year down 43%. According to a copy of the firm’s year-end investor update, Maverick’s diverse portfolio helped the hedge fund mitigate losses last year. Its long public equity book lost -38.2%, but short positions added 12%, giving a total overall decline of 26.2% after fees. Meanwhile, private investments detracted -1.1%. Other “portfolio” positions…
Maverick Marks Down The Value Of Private Holdings By As Much As 55% [Exclusive]
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