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Lone Pine to Combine Long-Only Funds

The firm, founded by Tiger Cub Stephen Mandel Jr., is merging its domestic and emerging markets-focused funds.

Stephen Mandel Jr.’s Lone Pine Capital is merging its two main long-only equity funds, Lone Cascade and Lone Dragon Pine, according to the Greenwich, Connecticut hedge fund firm’s third-quarter letter to investors. The firm is combining the two funds at the beginning of next year due to a lack of

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