Lone Pine’s Ugly Quarter
The Tiger Cub’s funds suffered sharp losses that marred full-year results.
Lone Pine Capital’s two funds posted huge losses in the fourth quarter.
As a result, the Tiger Cub’s long-short hedge fund finished the year in the red, while its long-only fund was barely profitable.
Lone Cypress, the Tiger Cub’s hedge fund, was down about 12 percent in the fourth quarter and wound up down 7 percent for the year, according to an investor.