Tiger Grandcub White Elm Posts Double-Digit Losses

The firm, founded by former Lone Pine investment pro Matthew Iorio, is losing money on two controversial mortgage servicers this year.

An up-and-coming hedge fund manager who at one time worked for Stephen Mandel Jr.’s Lone Pine Capital has been taking a beating on a couple of stocks that have drawn widespread regulatory and investor scrutiny.

The manager, Matthew Iorio, is the founder of Greenwich, Connecticut-based White Elm Capital, whose White Elm Capital Partners fund lost 3.2

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