Life After Steve Mandel: Lone Pine Gets Off to a Strong Start

The long-short firm’s main funds outperformed the market in the first quarter.

Illustration by II

Illustration by II

Lone Pine Capital got off to a strong start in its first quarter since founder Stephen Mandel Jr. stopped running the funds on a day-to-day basis — in what is likely to be one of the hedge fund industry’s most closely watched successions.


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