Former Lone Pine Manager Posts 25 Percent Gain with White Elm

Who says fundamental stock picking is out of favor? Matthew Iorio, who trained at the hand of Tiger Cub Stephen Mandel, is handily beating both traditional and hedge fund indexes this year.

Matthew Iorio, who learned his stock-picking prowess from Lone Pine Capital founder Stephen Mandel, has one of the hottest hands in hedge funds this year. His main fund, White Elm Capital Partners, surged more than 8.5 percent in the third quarter alone, putting its full-year gains at around 25 percent or so, depending on which of the fund’s three share classes you look at.

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