Devised as a way for Maverick Capital's partners to diversify their investments through the wider hedge fund community, Maverick Stable remains an exclusive club that is ready to put capital to work

By Claire Makin

Few hedge fund groups have been analysed as much as Lee Ainslie's $10 billion Maverick Capital. One of the industry's best-known brand names, Maverick has been pored over by the likes of the Harvard Business School and McKinsey & Co., while Ainslie's research-intensive focus has continued to deliver against the odds.

Bates Brown and David Beaton

Less well known is that, alongside its six long/short equity strategies, Maverick also runs a fund of funds that follows the same value-seeking philosophy. Now with $900 million, Maverick Stable has been quietly building a solid track record of its own, although, for legal reasons, the firm will not disclose performance numbers.

There are several reasons why Maverick Stable...