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Lone Pine’s Funds Trounce the Market

The hedge fund’s short bets have barely lost money amid the stock market’s big surge.

Lone Pine Capital’s long-short and long-only funds continue to move more or less in lock-step with one another despite the stock market’s huge gains.Lone Cypress, the long-short fund, rose about 9 percent in the second quarter, while Lone Cascade, the firm’s long-only fund, rose about 8 percent for the period,

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