Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Maverick Cap Exec Launching Hedge Fund

Apr 04, 2013
Jing Chen

A hedge fund manager at Lee Ainslie’s Maverick Capital is planning to set up his own firm.

Reuters reported that Michael Pausic, who heads the media and telecommunications investments at Maverick, will receive “a significant investment” from Maverick partners to seed his new venture.

The article said that Pausic will launch his new firm in Virginia. Pausic’s departure was announced to Maverick employees earlier this week and top investors are currently being notified.

Pausic, who went to the University of Virginia with Maverick founder Ainslie, joined New York-based Maverick in 1997. Founded in 1993, Maverick manages approximately $9 billion in assets.

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