Maverick Capital, a $10.5 billion hedge fund, is struggling to make money

Dallas-based Maverick Capital's flagship hedge fund hasn't made money in the first half of this year. Chief Lee Ainslie blames his short book. Ainsliesays investors are confusing secular trends with cyclical ones. "We are seeing the beginnings of the perfect storm," he wrote. Lee Ainslie's Maverick Capital is having a tough year. The firm's flagship Maverick Fund USA made no money in the first half of 2017, according to a client letter reviewed by Business Insider. The S&P 500, which the fund co...