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Lone Pine on the Double-Edged Sword of Low Rates

Stephen Mandel, Jr.’s firm tries to balance negatives of stretched valuations against positives of companies using balance sheets to acquire.

Stephen Mandel, Jr.’s Lone Pine Capital is telling clients that policies among the central banks to keep interest rates near zero are “a double-edged sword” for the investment firm, which runs both long-short and long-only funds. is telling clients that policies among the central banks to keep interest rates near

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