Maverick Capital, a $10.5 billion hedge fund, is betting big that the smartphone market has 'hit a tipping point'

Business Insider
By Matt Turner and Rachael LevyFeb 9, 2018, 6:29 pm1.3k ptsInterestingTop
Maverick Capital, a $10.5 billion hedge fund run by Lee Ainslie, is betting against companies that will negatively impacted by the maturation of the smartphone market. The bet is the firm's largest collective short position, according to the firm's year-end letter dated January 30. "The last ten years…

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