Maverick Makes Mega Monies

July 25, 2011 James Heinsman Hedge Fund News

There is the potential that with the latest plans by Maverick Capital Management LP, it will become even more financially successful.  The firm – that already stands at $11bn – is set to make an investment in start-up hedge fund managers.  CEO Lee Ainslie, 47-years-old, established Maverick back in 1993.  Prior to that, he worked at Julian Robertson’s Tiger Management LLC for three years.

As noted in a Securities and Exchange Commission regulatory filing held on July 15, a staggering $22m has been allocated to Maverick Seed Partners LP.

Maverick Merger

Maverick is not going to be making this investment solo.  The company will be joining up with Blackstone Group LP, Goldman Sachs Group Inc. and Shumway Capital Partners LLC in this venture.  They will be getting a share of fees for this, since historically, institutional investors usually focus on bigger, more established firms.  According to a recent article in Business Week, seed managers had access to approximately $2.6bn in the first six months of 2011. According to data from Acceleration Capital Group, this marks an increase of $1.3bn from the last six months of 2009.

Money Managers and Hedge Funds

Since banks have begun disbanding their proprietary trading desks in an effort to accede with American legislation that limits trading using their own money, the amount of managers looking to raise capital for hedge funds has seen a huge increase.  Goldman Sachs raised a staggering $158.1m for its seeding fund.

Acceleration Capital Group, Blackstone Group LP, Goldman Sachs, Lee Ainslie, Maverick Capital Management LP,

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