The firm’s long positions way outperformed its short bets in 2017, leading Lone Pine’s long-only fund to beat the market indexes but cutting into its hedge funds’ gains.
Stephen TaubJanuary 19, 2018
Stephen Mandel Jr.’s Lone Pine Capital suffered a sharp loss in the fourth quarter, cutting the gain for the year in its long-short funds to the low double-digits. However, its long-only fund —
To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.