Lone Pine Capital’s short book came through once again.
While March was a tough month for Lone Pine, the firm’s Lone Cypress fund, the Tiger Cub’s long-short equity hedge fund, fared much better than its long-only counterpart. Lone Cypress posted a 6 percent loss in the first quarter, according to an investor, compared with an 18 percent loss for Lone Cascade, the long-only fund.
During
