Surprisingly, Maverick's small-cap stocks soar

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By Pete Gallo

Early January saw biting cold weather on Wall Street that seemed to bring a big chill even to the NYSE, but you wouldn't know that from the warm glow coming from certain picks in Lee Ainslie's portfolio at Maverick Capital.

Some of Maverick's stock picks were downright red hot in the opening weeks of 2009, especially in small-cap names, many of which had ended 2008 smaller than ever.

Maverick even managed to see double-digit gains across a number of individual positions in the biotech and tech sectors. PDA-maker Palm and drugmaker Cypress Bioscience had been less than