Lone Pine Tells Clients Loss Stemmed from Sins of Omission

Stephen Mandel’s Tiger Cub says easy-money market is currently rewarding plays the firm mostly avoids.

Stephen Taub July 28, 2014

Stephen Mandel Jr.’s Lone Pine Capital, which lost between 1 percent and 3 percent in its funds in the first half, does not apologize or second-guess its decisions. Why should it? The Greenwich, Connecticut–based hedge fund, possibly the most successful Tiger Cub of

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