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Mandel’s Lone Pine Suffers Big Redemptions Just as Funds Rebound

Investors took billions out of Tiger Cub Stephen Mandel Jr.’s funds last year — right before they bounced back strongly in the first quarter.

   Stephen Mandel Jr., Founder, Lone Pine Capital (Photo credit: Bloomberg). Now, this is what you call an unforgiving hedge fund environment.As we have chronicled on several occasions, a slew of managers with strong reputations and a long history in the business have suffered sizable redemptions in the past year or two.This

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