Maverick’s Free Fall

The Tiger Cub extended its hefty third quarter loss in September.

Lee Ainslie III (Daniel Acker/Bloomberg)

Lee Ainslie III

(Daniel Acker/Bloomberg)

Another month, another decline for Maverick Fund, the hedge fund headed by Tiger Cub Lee Ainslie III.

The long-short fund lost another 3 percent in September and 16.5 percent in the third quarter. As a result, Maverick is now up just 18 percent for the year after surging 50 percent in the first quarter.


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