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Stephen Mandel’s Lone Pine Suffered Sharp Losses in the Fourth Quarter
The Tiger Cub finished his final year of managing money day-to-day with a loss, but posted double-digit gains since inception in the hedge fund he launched in 1998.
Stephen Mandel Jr.’s final year running Lone Pine Capital on a day-to-day basis ended on a losing note.The Tiger Cub suffered sharp losses in the fourth quarter and wound up finishing the year solidly in the red.The firm’s long-short funds lost between 13 percent and 14 percent in the December
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