New Funds: Lone Pine Leads a Surge of Equity Launches

Stephen Mandel and Meredith Whitney are among the managers with big plans for new funds.

The long run-up in equity prices seems to be providing a lift to managers starting new equity hedge funds. Among the most closely watched of these is Meredith Whitney’s Kenbelle Capital. Whitney is the former Wall Street analyst who correctly predicted the subprime mortgage collapse but fell flat more recently after forecasting a string of municipal bond defaults that hasn’t occurred.

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