Lone Pine Posts Quarterly Loss

The Tiger Cub founded by Stephen Mandel, Jr., is sharply lagging the overall market.

Illustration by II

Illustration by II

Lone Pine Capital is the latest Tiger Cub and hedge fund in general to report a sharp loss in the second quarter.

The firm, founded by Stephen Mandel, Jr., posted a roughly 13 percent decline in its long-short fund, Lone Cypress, in the June three-month period, extending its loss for the year to 35 percent, according to an investor.


To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.