Maverick’s Huge April Comeback

How four stocks played an outsize role in the Tiger Cub’s big first quarter losses — and how they fared during April’s sharp rebound.

  IndusInd Bank's stock price rebounded in April. (Dhiraj Singh/Bloomberg)

IndusInd Bank’s stock price rebounded in April.

(Dhiraj Singh/Bloomberg)

What a difference a month made for Lee Ainslie III’s Maverick Capital.

After suffering its third-worst quarter in its history, as earlier reported by Institutional Investor, the Tiger Cub’s major funds enjoyed their second-best month in the firm’s history in April, according to its first- quarter letter obtained by II.

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