Lone Pine Beat the Market in 2019
The Tiger Cub posted big gains after Stephen Mandel, Jr. relinquished day-to-day control of the hedge fund.
Talk about a seamless transition.
Lone Pine Capital’s two main funds easily beat the major market indices in 2019 after posting strong returns in the fourth quarter, according to a person with knowledge of the matter. It was the first year founder Stephen Mandel, Jr.