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Lone Pine Boosts Gains in the Third Quarter, but Predicts Outflows

The Tiger Cub is anticipating a double-digit decline in assets when founder Stephen Mandel, Jr. relinquishes day-to-day control in 2019.

Stephen Mandel Jr.’s Lone Pine Capital posted a 1 percent gain in its long-short funds in the third quarter, boosting their gains for the year to 10.9 percent — but the firm is predicting that long-planned changes taking effect early next year will trigger substantial outflows in spite of the

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