Lone Pine Suffers Sharp Setback in Fourth Quarter

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.

alpha-default.jpg
2018-01-alpha-stephen-taub-lone-pine-capital-loss-article.jpg

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.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.

Related