January 19, 2018
The firm’s long positions way outperformed its short bets in 2017, leading Lone Pine’s long-only fund to beat the market indexes but cutting into its hedge funds’ gains.
Stephen Mandel Jr.’s Lone Pine Capital suffered a sharp loss in the fourth quarter, cutting the gain for the year in its long-short funds to the low double-digits. However, its long-only fund — which accounts for the bulk of the …
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How will hedge funds finish 2017?
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