Stephen Mandel’s Lone Pine Suffered Sharp Losses in the Fourth Quarter

The Tiger Cub finished his final year of managing money day-to-day with a loss, but posted double-digit gains since inception in the hedge fund he launched in 1998.

Illustration by II

Illustration by II

Stephen Mandel Jr.’s final year running Lone Pine Capital on a day-to-day basis ended on a losing note.

The Tiger Cub suffered sharp losses in the fourth quarter and wound up finishing the year solidly in the red.

The firm’s long-short funds lost between 13 percent and 14 percent in the December three-month period.

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