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Maverick Capital’s Sharp Rebound

How the Tiger Cub headed by Lee Ainslie III reversed its large first-quarter losses.

Maverick Capital posted strong gains in August, showing a remarkable reversal of fortune since posting huge losses in the first quarter.The firm’s main long-short fund rose 3.5 percent in August. It is now up 9.5 percent in the third quarter and nearly 16 percent for the year after losing 13.2

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