Lee Ainslie’s hedge fund, Maverick Capital, has experienced a surge this year after taking a new position in chipmaker Nvidia, with a gain of 19.48% year to date. The success of Maverick Capital comes as a welcome turnaround for its industry peers, the Tiger Cubs, who consecutively suffered losses from big growth stock bets and technology-focused investments in previous years. Tiger Global, Coatue and D1 Capital have also returned double-digit gains due to the resurgence of tech stocks. Meanwhile, Viking Global had a single-digit loss. According to reports, many technology-focused hedge funds are still below their high-water mark, despite the strong performance of the Tiger Cubs in 2023. The average hedge fund lost 0.20% in May and gained 1.23% over the first five months of the year, according to Hedge Fund Research.
Lee Ainslie’s Maverick Capital Rises on Nvidia, Tiger Cub Peers Follow Suit
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