Maverick Capital's flagship hedge fund lost -22.9% in the first quarter of 2022 according to a copy of the firm's quarterly update, which ValueWalk has been able to review. The firm's flagship fund, Maverick Fundamental Hedge, accounts for $3.7 billion of the group's $8.1 billion of assets under management.
Even after losses in the first quarter, since its inception at the beginning of March 1995, Lee Ainslie's flagship fund has produced an annualized return of 11.2% with a Sharpe ratio of 0.6% and volatility of 14%. It has produced a cumulative return for investors of 1,653% since its inception.
Q1 2022 hedge fund letters, conferences and more
Long positions detracted 22%...
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