Maverick’s Reversal of Fortune

The Tiger Cub headed by Lee Ainslie III recorded a sharp loss in its flagship fund in July.

Stephen Taub August 13, 2021

Maverick holds more than 10 million share in Coupang.

(SeongJoon Cho/Bloomberg)

Maverick Capital has gone from thriving to declining with its big bet on Coupang. The Tiger Cub’s flagship hedge fund, Maverick Fund, had surged about 50 percent in the first quarter on the strength of its earlier private bet on the Korean e-commerce company

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