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.

Illustration by II

Illustration by II

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.

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