By Pete Gallo
If a straight stock-picking award were given for 2007's
topsy-turvy markets, I'd have to say that Maverick Capital
would be in the running.
Some of the positional bets placed this year by Lee Ainslie
III, one of the original Tiger Cubs, are reminiscent of the old
roaring tiger, Julian Robertson himself, during his halcyon
days. I'm talking triple-digit gains in individual positions.
No wonder Maverick's flagship fund was up 23% by
Maverick's three million shares of Apple provided a huge
kicker. The computer maker's stock has soared from $90 in May
to $190 as of mid-November as iPhone, iPod and iMac sales have
beaten even the most optimistic predictions. That would have
meant a gain of $300 million for Maverick.
A more obscure position in the portfolio was a big bet on
the alternative-energy sector. Maverick's pick, First...