Hedge Funds
Bozza's pitch at the Robin Hood Investors Conference on Tuesday afternoon sent Universal's stock plunging 31%. Lee Ainslie, the founder of Maverick Capital, told attendees it was the best short pitch he had seen in his 25-year career in the hedge fund space. Another person at the conference echoed that sentiment, telling Business Insider it was the best short the person had ever seen. Whitney Tilson, the founder of Kase Capital, was so convinced by the pitch that made Universal Insurance Holdings one of his fund's largest short positions. According to Bozza's presentation, Universal Insurance Holdings is underpricing hurricane risk....