Tiger Cub Lone Pine Killed It in the Second Quarter

The legendary hedge fund firm founded by Stephen Mandel, Jr. surged back into the black after a bad start to the year.

hopify was Lone Pine's best performer in the second quarter. (Andrew Harrer/Bloomberg)

hopify was Lone Pine’s best performer in the second quarter.

(Andrew Harrer/Bloomberg)

What a difference a quarter made for Lone Pine Capital.

The Tiger Cub founded by Stephen Mandel, Jr. posted roughly 14 percent gains in both its long-short and long-only funds in the second quarter, moving both solidly into the black for the year, according to an investor.

Lone

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