Maverick Capital co-founder Lee Ainslie III, who served as managing director and technology analyst at Julian Robertson Jr.'s Tiger Management Corp., was one of the first traders to leave Tiger to start his own highly successful hedge fund firm. Dallas-based Maverick launched in 1993 and garnered a reputation as one of the industry’s premier long-short equity shops, generating 17 percent average annual returns between 1995 and 2007 and outpacing the S&P 500 benchmark by 6 percent over the same span. But the ensuing years proved extremely tumultuous, prompting Ainslie to rethink Maverick’s money management processes…
